The cost of replacement of all improvements to a property which could conceivably be destroyed
A term used to designate the amount of insurance that can be carried on destructible portions of a property to indemnify the owner in the event of loss.
The term is used conventionally to designate the amount of insurance which may be carried on destructible portions of a property to indemnify the owner in the event of loss. Result:19 - Real Estate / Mortgage Glossary