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.)
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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.)