replacement insurance

Insurance under which the value of the loss is measured by the current cost of replacing the insured property. See replacement cost under COST(1). [Cases: Insurance 2184. C.J.S. Insurance §§ 1107, 1238, 1240, 1242–1243.]

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词条贡献者

译员Daniel，毕业于法国顶尖的高级翻译学院，专注翻译各种与数据隐私、安全及网络犯罪有关的法律文件。