Understanding the Different Levels of Value: It’s Worth What Where and When?
Artifactual History Appraisal
SEPTEMBER 17, 2019
You may also see this level of the market described as “replacement cost,” which is a term used by the International Society of Appraisers. Clients pay the insurance premium precisely to preserve the option of receiving a settlement sufficient to replace items within a practical time frame sourcing from the retail level of the market.
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