Sentences with phrase «building on a replacement cost basis»

You consult with a building contractor to determine the value of your building on a replacement cost basis.

Not exact matches

Based on historical earthquakes in and around Nepal and then using the change in values of buildings and intensities seen in this event we can expect around a $ 3 billion to $ 3.5 billion loss and around a $ 5 billion to $ 5.5 billion replacement cost.

Buildings are covered for replacement cost, but coverage for personal property is available on an actual cash value basis only.

Just as with building coverage, you should determine the amount of coverage you need on a replacement - cost basis for your shop equipment, office furniture and inventory.

Older Home Policy, also known as HO - 8 or the Modified Coverage form, is designed for older homes and historic homes where historic aspects and some structural peculiarities of the building make its replacement cost considerably higher than the appraised value of the house estimated on the basis of the present day market value of the materials.

Most building settlements are on Guaranteed Replacement cost and many policies settle contents on a Replacement Cost bacost and many policies settle contents on a Replacement Cost baCost basis.

Buildings are covered for replacement cost, but coverage for personal property is available on an actual cash value basis only.

For example, suppose that you own a building that you have insured on a replacement cost basis.

Assume that you own a building that you have insured on a replacement cost basis.

Replacement cost insurance - Covers property — both building and contents — on the basis of full replacement cost without deduction for depreciation on any loss sustained, subject to the terms of the co-insuraReplacement cost insurance - Covers property — both building and contents — on the basis of full replacement cost without deduction for depreciation on any loss sustained, subject to the terms of the co-insurareplacement cost without deduction for depreciation on any loss sustained, subject to the terms of the co-insurance clause.

For example, if you've just purchased a derelict home that you intend on tearing down to rebuild, you will want to insure it on an actual cash value basis because there is no point in getting replacement cost (see our Q&A on How Should I Insure a Vacant Building to learn more).

If the report asserts that the loss would likely be less than 20 % of the building's replacement cost, then the underwriting decision will normally be based on basic business principles.