Join Our Team! We're looking for a dedicated and detail-oriented professional to provide exceptional service to our clients. If you have strong communication skills and a passion for helping others, Join Our Team!

Replacement Cost

Replacement Cost (Glossary Word)

Insurance that pays to replace damaged property (building, possessions, vehicle, etc.) without deducting for depreciation. This amount is usually limited by a maximum dollar or percentage amount shown in an insurance policy.

Ask a Question | View All Glossary Words

Other users also searched for some of the following glossary words and FAQs.

Similar Glossary Words

Insurance-to-Value
Kitchen
Dining Room
Market Value

Similar FAQs

I'm not near any body of water. Is there any particular reason why I would need flood insurance? Doesn't my homeowner policy provide flood coverage?

Ask a Question | View All Glossary Words

Visit us:

Call us:

Replacement Cost