Sentences with phrase «replacement value of the building»

Bill files a claim for the replacement value of the building under his property policy.

The lease also required Kenworth to obtain fire insurance for up to 90 percent of the replacement value of the building, which it did in the amount of $ 1.2 million.

Not exact matches

Yet by the late 1980s, when the real estate bubble was still being inflated, household and corporate replacement costs of buildings left land with only about 28 percent of total property values.

The taxable value of a property is calculated as the cash value of the land (the amount the land alone would sell for on the market), and the replacement cost of all buildings minus depreciation of 1.5 % per year since construction.

The Tappan Zee replacement was Cuomo's first design - build project and he used it as proof of the value of the new practice.

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.

Under the LAO plan, the Legislature would provide an annual grant amount for school facility needs based on the replacement value of existing school buildings as well as an estimate of the average useful life of the buildings.

«The FCI is calculated by dividing the cost of all repair, replacement and renovation needs across the district's 15.2 million square feet of buildings by the current replacement value of all district facilities.

Replacement cost is determined by valuing an empty lot and estimating the cost to build a house of similar size and construction.

Definition of Replacement Cost Value: The replacement cost is usually calculated using the initial price tag paid for the items or the cost of physically building the home when it was purchased, regardless of any potential deReplacement Cost Value: The replacement cost is usually calculated using the initial price tag paid for the items or the cost of physically building the home when it was purchased, regardless of any potential dereplacement cost is usually calculated using the initial price tag paid for the items or the cost of physically building the home when it was purchased, regardless of any potential depreciation.

Given the massive scale, efficiency and value of infrastructure already built around oil, with no credible replacement that I can see, any path that has the potential to make oil carbon neutral is worthy of serious consideration.

The amount of coverage (e.g. replacement value v. current value of the building and property therein, temporary accommodations, etc.) would depend entirely on the coverage set forth the insurance contract of each insurance company that is on the risk.

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.

Insurance providing the amount payable to the insured as the replacement cost of the property new, rather than the depreciated value applied to the building structures or contents.

In order to ensure that you will have the value of replacement costs for everything in your building, keep your commercial agent updated on your inventory.

Homes built with materials like marble and hardwoods are usually more expensive to insure than homes without these pricey materials because they increase the replacement value of the home.

For example, the building may be insured at Replacement Cost Value, the most of the contents insured at Actual Cash Value and a few specific items at a Fixed Value (antiques).

Insurance policies are usually cash value, replacement cost or some variation of the two, such as replacement cost with or without building code upgrade.

However, your statement of values indicates that the replacement cost of your building is $ 2 million.

Claims are usually paid for the actual cash value of the building and / or contents, which is typically the replacement value, less depreciation.

After all, you can save a lot of money if you insure a building for, say, half of its replacement cost or actual cash value.

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

To obtain full replacement value coverage, the homeowner must purchase a policy that covers 80 percent of the cost of building a new home.

If you need full replacement value coverage for your Shreveport office, then the value of the building, the computers, desks and chairs, and perhaps some intangibles such as data will need to be calculated.

For example, the replacement cost of a newly build - house would be equal to its total development cost plus the value of the land.