The value of an asset or asset group that is covered by an insurance policy; can be estimated by deducting costs of non-insurable items (e.g. land value) from the market value.
(Dictionary of Real Estate Appraisal, 4th edition.)
The value of an asset or asset group that is covered by an insurance policy; can be estimated by deducting costs of non-insurable items (e.g. land value) from the market value.
(Dictionary of Real Estate Appraisal, 4th edition.)