Replacement value: Difference between revisions
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The term '''replacement cost''' or '''replacement value''' refers to the amount that an entity would have to pay, at the present time, to replace any one of its assets. |
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In the [[insurance]] industry, "replacement cost" is a method of computing the value of an item insured. Replacement cost is ''not'' market value, but is instead the cost to replace an item or structure at its pre-loss condition. Replacement cost coverage is designed so the policyholder who files a property damage claim does not suffer a loss due to depreciation.<ref name="Adjusting Today">{{cite web |url= http://www.adjustersinternational.com/AdjustingToday/pdfinfo.cfm?pdfID=30 |title= The Replacement Cost Claim |accessdate= 2009-09-28 |publisher= Adjusters International }}</ref> |
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== References == |
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{{reflist}} |
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==See also== |
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* [[Actual cash value]] |
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* [[holding gains]] |
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{{DEFAULTSORT:Replacement Value}} |
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[[Category:Insurance terms]] |
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{{economics-stub}} |
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[[de:Wiederbeschaffungskosten]] |
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[[es:Valor de reposición]] |
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[[fr:Coût de remplacement]] |
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