Definition of "Valuation of potential property loss"
Monique Justice, Real Estate Agent
Urway Realty
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.