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For example, the building may be insured at replacement cost value, most of the contents insured at actual cash value and a few specific items at a fixed value (antiques). Policies may also include co-insurance clause or deductibles provisions which will impact the actual cash paid out by the insurance company.
For example, if your coverage limit was up to $200,000, but the cost of rebuilding your home is $250,000, an extended replacement cost endorsement that covers up to 25 percent more than the policy ...
The term replacement cost or replacement value refers to the amount that an entity would have to pay to replace an asset at the present time, according to its current worth. [1] In the insurance industry, "replacement cost" or "replacement cost value" is one of several methods of determining the value of an insured item. Replacement cost is the ...
The concept of home improvement, home renovation or remodeling is the process of renovating, making improvements or making additions to one's home. [1] Home improvement can consist of projects that upgrade an existing home interior (such as electrical and plumbing), exterior (masonry, concrete, siding, roofing) or other improvements to the property (i.e. garden work or garage maintenance ...
(It is possible to insert the liner from a downstream access point, but this is more risky). CIPP is considered a trenchless technology, meaning little to no digging is typically required, for a potentially more cost-effective and less disruptive method than traditional "dig and replace" pipe repair methods. The liner is inserted using water or ...
A window is an opening in a wall, door, roof, or vehicle that allows the exchange of light and may also allow the passage of sound and sometimes air.Modern windows are usually glazed or covered in some other transparent or translucent material, a sash set in a frame [1] in the opening; the sash and frame are also referred to as a window. [2]
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A Allocation of costs is the transfer of costs from one cost item to one or more other cost items. Allowance - a value in an estimate to cover the cost of known but not yet fully defined work. As-sold estimate - the estimate which matches the agreed items and price for the project scope. B Basis of estimate (BOE) - a document which describes the scope basis, pricing basis, methods ...