Age, Insurance Policy and Scope of Work

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Age

Insurance Policy

Scope of Work

Office Hours Information from March 2025

International Society of Appraisers

MARCH 14, 2025

Replacement cost comparable is the cost necessary to replace an item of personal property with an equivalent item having similar appearance, quality, condition, age, authorship, and utility within a reasonable amount of time in the relevant marketplace. Note that the definition of replacement cost comparable mentions age.

Appraiser/appraisal

Appraiser/appraisal Market Value Appraisal Reports Hypothetical Condition

Understanding the Different Levels of Value: It’s Worth What Where and When?

Artifactual History Appraisal

SEPTEMBER 17, 2019

Actual Cash Value is Retail Replacement Value minus depreciation, which can be a deduction made for age, damage, or another factor. It can sometimes be present in insurance policies, although in my experience it is much less frequently encountered.

Retail Replacement Value

Retail Replacement Value Appraiser/appraisal Appraisal Reports Market Value

Personal Property Zone

Office Hours Information from March 2025

Understanding the Different Levels of Value: It’s Worth What Where and When?

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