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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资深译员David,毕业于亚洲顶尖的高级翻译学院,擅长翻译有关汽车业的法律文件。
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