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. 2012.

Look at other dictionaries:

  • 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 cost — Cost to replace a firm s assets. The New York Times Financial Glossary * * * replacement cost replacement cost ➔ cost1 * * *    The cost in current terms of replacing a fixed asset already in use with a new asset. * * * replacement cost UK US… …   Financial and business terms

  • replacement cost — cost to replace a firm s assets. Bloomberg Financial Dictionary * * * replacement cost replacement cost ➔ cost1 * * *    The cost in current terms of replacing a fixed asset already in use with a new asset. * * * replacement cost UK US noun [C] ( …   Financial and business terms

  • guaranteed replacement cost coverage insurance — A policy that covers the full cost of replacing damaged property without any allowances or deductions, e.g., depreciation. Bloomberg Financial Dictionary …   Financial and business terms

  • 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 — /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

  • 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

  • cost — The opposite of revenue. An expense that reflects the price of purchasing goods, services and financial instruments. A cash cost means that cash is given up today to the purchase. Also, the purchase price of an investment, which is compared to… …   Financial and business terms

  • cost — Expense; price. The sum or equivalent expended, paid or charged for something. See also actual cost costs net cost rate costing cost bond …   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

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