Definitions for "INSURABLE VALUE"
The cost of total replacement of destructible portions of a property.
The cost of total replacement of destructible improvements to a property.
1) The portion of the value of an asset or asset group that is acknowledged or recognized under the provisions of an applicable loss insurance policy. 2) Value used by insurance companies as the basis of insurance.
The net value of property being insured after land and other exclusions have been deducted.
The highest reasonable value that can be placed on property for insurance purposes.
Value of the property minus the cost of land, and after deductions for other exclusions.