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"The replacement value will in most cases only be enough to replace a used car with another used car," he said.
So $200 million dollars is their replacement value.
"Why would we pay them replacement value for fully depreciated docks?" Ms. Krieger asked.
The Craigslist replacement value of that bike was probably about $500.
"The replacement value of the world's physical infrastructure is tens of trillions of dollars.
And around 97% of residential properties were insured for their full replacement value.
"A Ferris wheel," the real estate agent said, "it's very difficult to put a replacement value on that".
If one wishes to deny pet owners compensation beyond the replacement value of their pets, so be it.
Deductibles range from 2 percent of the replacement value of the structure to 20 percent, Ms. Worters said.
The premium is based on the estimated replacement value, but with a guarantee that if the cost is higher, the insurance company will pay it.
Mr. Sparkman said that under federal law, a federally licensed mover must insure what is being moved at its full replacement value.
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CEO of Professional Science Editing for Scientists @ prosciediting.com