Replacement cost less depreciation, considering the age and condition of your property.
The value of your property, based on the current cost to replace it minus depreciation. Also see “replacement cost.”
- Browse Related Terms: Actual cash value, Actual cash value (ACV), Additional Living Expenses, Additional living expenses (ALE), Depreciation, Earthquake Insurance, Exclusion, flood insurance, Full Replacement Policy, Guaranteed Replacement Cost Coverage, Justified complaint, Loss of use, Renters insurance, Replacement Cost
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