Property Depreciation Insurance

Definition of "Property depreciation insurance"

Nathan Weaver real estate agent
Nathan Weaver, Real Estate Agent Nathan Weaver Realty

Coverage that provides for replacement of damaged or destroyed property on a new replacement cost basis without any deduction for depreciation. This is equivalent to replacement cost property insurance.

Have a question or comment?
We're here to help.

*** Your email address will remain confidential.


Popular Insurance Terms

Popular Insurance Questions