The cost of replacing damaged or destroyed property without taking a deduction for depreciation. Replacement cost applies in certain circumstances or conditions as outlined in the policy.

Cost to replace a firm's assets.

Insurance coverage that pays the dollar amount needed to replace the structure or damaged personal property without deducting for depreciation but limited by the policy's maximum dollar amount.

The dollar amount needed to replace damaged personal property or dwelling property without deducting for depreciation but limited by the maximum dollar amount shown on the declarations page of the pol [..]

The cost of replacing property damaged, lost or stolen, with a similar property.

Replacement cost is the amount you need to replace damaged, stolen or lost property by buying new items.

The cost of replacing or repairing property using new materials of like kind and quality without deduction for depreciation.

A provision in an insurance policy that enables the customer to apply for the full cost of replacing the damaged items.

The cost in current terms of replacing an asset already in use with a new asset.

The cost at today’s prices and using today’s construction methods, of building an improvement having the same usefulness as the one being appraised.

The amount needed to replace an asset such as inventory, equipment, buildings, etc. Because of the cost principle, replacement cost is not acceptable in the financial statements distributed by a compa [..]

Definition The amount it would cost to replace an asset at current prices. If the cost of replacing an asset in its current physical condition is lower than the cost of replacing the asset so as to ob [..]

the cost of replacing property with property of like kind and equal quality or effectiveness

The estimated current cost to construct a building with utility equivalent to the building being appraised, using modern materials and current standards, design and layout.

A method of valuing insured property that uses the cost of replacing the property at current prices and does not take into consideration the propertys condition or whether it has depreciated since fir [..]

the cost of replacing property without a reduction for depreciation due to normal wear and tear.

The cost of an acquired asset or asset part, capitalized if the cost of its retired counterpart is removed from the asset account.

Replacement cost is the estimated expense of buying or building an asset to replace another asset. Replacement cost is relevant for insurance purposes, because the replacement of a used asset is likel [..]

Replacement cost is the amount that would be required to be paid, at the present time, to replace an asset. In the insurance industry, "replacement cost" is a method used to value a covered [..]

The cost to replace lost or damaged property new, with no deduction for depreciation or obsolescence

The cost of replacing or repairing lost or damaged property without allowing for depreciation in value or considering the market value. Some auto insurance companies offer Guaranteed Replacement Cost coverage on new cars, if the loss occurs within the first 12 months of ownership or 12,000 miles driven.

 The cost to repair or replace an insured item. Some insurance only pays the actual cash or market value of the item at the time of the loss, not what it would cost to fix or replace it. This will pay [..]

The cost of replacing an asset with an identical one.

The cost to repair or replace an insured item at the present time, according to its current worth. 

Amount of money necessary to replace damaged, destroyed, or stolen property with a new item, without including depreciation. By contrast, actual cash value pays an amount equal to the depreciated worth of property, regardless of how much it might cost to replace it.

Covered property will be valued at replacement cost without deduction for depreciation if the limit of insurance on the loss or damaged property is 80% or more of the full replacement cost before the loss. Payment will not, however, exceed the limit of insurance that applies to the lost or damaged property.

The cost to repair or replace property at construction costs prevailing at time of loss; the cost to repair or rebuild property without considering depreciation. Contrast Actual Cash Value.

Insurance that pays the dollar amount needed to replace damaged personal property or dwelling property without deducting for depreciation but limited by the maximum dollar amount shown on the declarat [..]

Repairs or replacement are made with material of like kind and quality without cost to the insured for depreciation or betterment.

If you have a loss, this pays the actual cost to replace your property with a like kind and quality product. Your insurance company initially pays you for the used value of your item. After you buy the replacement item, your insurance company will pay you the difference between the used value and the actual replacement cost.

The dollar amount needed to replace damaged personal property or dwelling property without deducting for depreciation but limited by the maximum dollar amount shown on the declarations page of the policy.

Sum needed to replace an insured's damaged or destroyed property with one of a like kind and quality, equivalent to actual cash value, minus physical depreciation (fair wear & tear) and obsolescence.

The cost to repair or replace property using new materials of like kind and quality with no deduction for depreciation.

the amount of money that would be needed to replace the property at current market value

The cost of replacing property without deduction for depreciation.

The value of property determined by the current purchase price of a similar article.

The cost of replacing, repairing, constructing or reconstructing, whichever is the least, the property on the same site with new property of like kind and quality and for like occupancy without deduction for depreciation

The cost to repair or replace an insured item. Some insurance only pays the actual cash or market value of the item at the time of the loss, not what it would cost to fix or replace it. If you have pe [..]

Replacement Cost

The cost of replacing property without deduction for depreciation.

Insurance that pays the dollar amount needed to replace damaged personal property or dwelling property without deducting for depreciation but limited by the maximum dollar amount shown on the declarat [..]

The reasonable cost to repair or rebuild your house (as applicable) to a standard   that is reasonably equivalent to its appearance, size, functionality and   relative quality when new, but without ne [..]

The cost to repair or replace an insured item. Some insurance only pays the actual cash or market value of the item at the time of the loss, not what it would cost to fix or replace it. If you have pe [..]

The dollar amount needed to replace damaged property without deducting for depreciation but usually capped at the policy limit.

Insurance under which the amount payable is the current replacement cost of the property new, rather than the depreciated value. Applies only to the building items and covers loss from all insured per [..]

The cost to repair or replace property at construction costs prevailing at time of loss; the cost to repair or rebuild property without considering depreciation. (See ACTUAL CASH VALUE.)

Insurance that pays the dollar amount needed to replace damaged personal property or dwelling property without deducting for depreciation but limited by the maximum dollar amount shown on the declarat [..]

The cost of replacing property without deduction for depreciation.

Insurance that pays the dollar amount needed to replace damaged personal property or dwelling property without deducting for depreciation but limited by the maximum dollar amount shown on the declarat [..]

Property valuation method that uses the cost of replacement of an item or the cost of new construction without any deduction for depreciation.

Coverage for the cost of replacing your car or property with new materials or materials of like kind and quality in the event of a covered loss.

The cost of replacing property without a reduction for depreciation. By this method of determining value, damages for a claim would be the amount needed to replace the property using new materials. Co [..]

The cost to replace or repair an item without deduction for depreciation.

(1)The cost to repair or replace property at construction costs prevailing at time of loss; (2) the cost to repair or rebuild property without considering depreciation. See also: Actual Cash Value.

The cost to replace the property today with new materials of like kind and quality.

The current retail price of an equivalent property; an insurance coverage which pays the full cost of repair, or replacement of items damaged beyond economical repair, payable when the repair or repla [..]

The current terms cost of replacing one fixed asset with another.

The amount of cash or other consideration that would be required today to obtain the same asset or its equivalent.

The cost to repair or replace an insured item. Some insurance only pays the actual cash or market value of the item at the time of the loss, not what it would cost to fix or replace it. If you have personal property replacement cost coverage, your insurance will pay the full cost to repair an item or [..]

The cost of replacing, repairing, constructing or reconstructing, whichever is the least, the property on the same site with new property of like kind and quality and for like occupancy without deduction for depreciation.

Insurance that pays the dollar amount needed to replace damaged personal property or dwelling property without deducting for depreciation but limited by the maximum dollar amount shown on the declarat [..]

Current cost of purchasing an item.

The cost to replace property with a substitute which is new, using modern materials, techniques, and standards which, however, satisfy the description or use of the replaced property.

Cost to construct, at current prices, a building with utility equivalent to the building being appraised, using modern materials and current standards, design and layout."

Cost of replacing the subject property new with one having exactly the same utility.

The cost to repair or replace an insured item. Some insurance only pays the actual cash or market value of the item at the time of the loss, not what it would cost to fix or re [..]

equities analyst

Cost to replace a firm's assets.