replacement value
Cost to replicate
Replacement value is the cost of replacing something with a comparable item at current prices.
Insurance policies often distinguish between replacement value and actual cash value, which accounts for depreciation: The replacement value of the roof is $15,000, but its depreciated value is only $8,000.
The term appears in insurance claims, asset management, and appraisals.
- appraisalEstimation of worth
- insuranceContractual risk coverage
- full coverageProtection without exclusions
- depreciationAsset value reduction over time
- wear and tearGradual damage from use
assessment · dollar amount · indemnity · coverage · loss · total loss · claim · reimbursement · restore · like new · rebuild · compensate · worth · estimate · salvage · damage · write off · policy
- auto insuranceauto insurance, car insurance, vehicle insurance, collision coverage, liability coverage
- damage claimsproperty damage, fire damage, water damage, storm damage, hail damage
- insurance claimsclaim form, claim filing, claim settlement, claims processing, claims adjuster
- property insurancehome insurance, renters insurance, building insurance, fire insurance, flood insurance
- Financial Values
- gem appraisalcarat, color grade, carat weight, gem quality, brilliance
replacement valuebook value
Asset minus accumulated depreciation
salvage value · market value · fair market value · scrap value · resale value
replacement, value, replace, replaced, replacing, replaceable, irreplaceable, replacer, replaces