GuideUpdated Nov 2026 · 1 min read
Reinstatement Value
Reinstatement value is the cost to replace with new, unlike indemnity value, which allows for depreciation.
Reinstatement value is the cost to replace with new, unlike indemnity value, which allows for depreciation.
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- check_circleIndemnity: after depreciation.
- check_circleReinstatement: as new.
FAQs
What needs a reinstatement clause?expand_more
Cover on a replacement basis.
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