| 单词 | replacement cost insurance |
| 释义 | replacement cost insurance in Insurance (rɪpleɪsmənt kɔst ɪnʃʊərəns) noun (Insurance: Residence insurance) insurance , insurance , insurance Replacement cost insurance is insurance in which the cost of replacing property is calculated without a reduction for depreciation. The older the building, the more important replacement cost insurance becomes. Replacement cost insurance will pay the policy owner the full cost of replacing the lost or damaged property,subject to a maximum amount. Replacement cost insurance is insurance in which the cost of replacing property is calculated without a reductionfor depreciation. |
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