Insurable value

insurable value
the cost of total replacement of destructible improvements to a property; may be based on replacement cost rather than market value.
Dictionary of Real Estate Terms ...

INSURABLE VALUE - The cost of replacement of all improvements to a property which could conceivably be ...
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Insurable value - is the value of real property covered by an insurance policy. Generally it does not include the site value.

Insurable Value
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.

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