Replacement Cost (Glossary Word)

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z View All

Replacement Cost

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.

Save this word | Send to a friend | Ask a Question | View All Glossary Words

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

Glossary Words

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?

Save this word | Send to a friend | Ask a Question | View All Glossary Words

Personal Property Wizard

How much would it cost to replace your home's contents? Do you need to customize your insurance to protect valuable items? Find out with our wizard.

Personal Risk Wizard

Things change and your insurance protection should keep up. Our wizard will help you review your risks and evaluate your insurance needs in just a few minutes.