TERMIUM Plus®

The Government of Canada’s terminology and linguistic data bank.

REPLACEMENT VALUE ENDORSEMENT [1 record]

Record 1 2003-10-01

English

Subject field(s)
  • Fire, Accidents, Miscellaneous Risks (Insur.)
CONT

The Replacement Cost Endorsement has become increasingly popular with respect to personal property coverages as, subject to certain provisions, it allows for replacement or repair on a "replacement cost" basis.

French

Domaine(s)
  • Incendies, accidents et risques divers (Assur.)
OBS

Cet avenant est de plus en plus employé en assurance des biens meubles puisqu'il permet, sous réserve de certaines conditions, de remplacer ou de réparer les biens jusqu'à concurrence de leur valeur «à neuf».

Spanish

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