Valuation Of Potential Property Loss

Definition of "Valuation of potential property loss"

Donald A. Miller real estate agent
Donald A. Miller, Real Estate Agent Home Buyers Marketing II, Inc.

Risk management technique that evaluates property exposures preparatory to managing the risk. Although risk managers consider the original cost, depreciation, market value, and tax-appraised value of property, replacement cost is the most helpful in determining the value of the property, giving the truest indication of the degree of the exposure to be insured or otherwise financed.

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

*** Your email address will remain confidential.


Popular Insurance Terms

Popular Insurance Questions