replacement value insurance

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• replacement cost insurance — insurance that pays out the full amount required to replace damaged property with new property, without taking into account the depreciated value of the property. Bloomberg Financial Dictionary …   Financial and business terms

• Replacement value — The term replacement cost or replacement value refers to the amount that an entity would have to pay to replace an asset at the present time, according to its current worth. In the insurance industry, replacement cost or replacement cost value is …   Wikipedia

• Replacement value — Current cost of replacing the firm s assets. The New York Times Financial Glossary * * * replacement value replacement value ➔ value1 * * * replacement value UK US noun [C] ► INSURANCE, FINANCE the amount of money that it would cost to replace… …   Financial and business terms

• replacement value — Current cost of replacing the firm s assets. Bloomberg Financial Dictionary * * * replacement value replacement value ➔ value1 * * * replacement value UK US noun [C] ► INSURANCE, FINANCE the amount of money that it would cost to replace something …   Financial and business terms

• replacement value — N SING The replacement value of something that you own is the amount of money it would cost you to replace it, for example if it was stolen or damaged. With conventional insurance policies it is difficult to work out accurately the replacement… …   English dictionary

• replacement value — /rɪ pleɪsmənt ˌvælju:/ noun the value of something for insurance purposes if it were to be replaced ● The computer is insured at its replacement value …   Dictionary of banking and finance

• insurance — /in shoor euhns, sherr /, n. 1. the act, system, or business of insuring property, life, one s person, etc., against loss or harm arising in specified contingencies, as fire, accident, death, disablement, or the like, in consideration of a… …   Universalium

• value — The importance placed on something by an individual. Value is subjective and may change according to the circumstances. Something that may be valued highly at one time may be valued less at another time. The CENTER ONLINE Futures Glossary * * * ▪ …   Financial and business terms

• Replacement Cost — The cost to replace the assets of a company or a property of the same or equal value. The replacement cost asset of a company could be a building, stocks, accounts receivable or liens. This cost can change depending on changes in market value.… …   Investment dictionary

• replacement insurance — Insurance coverage which provides that the loss will be measured by replacement of the property new. If the property is actually replaced, the measure is the difference between the depreciated value and the replacement cost …   Black's law dictionary

• insurance — A contract whereby, for a stipulated consideration, one party undertakes to compensate the other for loss on a specified subject by specified perils. The party agreeing to make the compensation is usually called the insurer or underwriter; the… …   Black's law dictionary