The amount it would cost to buy a brand new replacement for a destroyed or stolen item. Usually found in property & equipment policies.
Also see: Actual Cash Value« Back to Glossary Index
10736 Jefferson, Suite 1042
Culver City, California 90230
Office Hours: Tuesday through Friday.
We are closed on Mondays.
For emergencies while we are closed text: 424-216-8083 (voice calls are not available at this number).
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