What Does Replacement Cost Mean?
Replacement cost coverage helps pay to repair or replace property without deducting for depreciation, subject to policy terms.
Insurance Education
Commercial Insurance
Commercial Property Insurance Explained
Commercial property insurance helps protect business property from covered causes of loss such as fire, theft, wind, and vandalism.
Insurance Education
Replacement Cost vs. Actual Cash Value
Replacement cost usually pays to replace property with new property of similar kind and quality, while actual cash value subtracts depreciation.