REPLACEMENT VALUE (Comparable)

Replacement Value (Comparable) – Replacement Value-comparable refers to the price in terms of cash or other precisely revealed terms that would be required to replace a property with another of similar age, quality, origin, appearance and condition within a reasonable length of time in an appropriate and relevant market.  (ASA Monograph 2:  Types of Value For Varied Intended Uses)

Used For:​  Assisting the client with scheduling insurance coverage