The concept of purchasing sufficient insurance coverage so as to closely approximate the value of the property being insured.
in property insurance, the ratio of the amount of insurance carried to the replacement cost value of an insured property. Insured parties should strive to carry an amount of insurance as close as possible to 100% of the replacement cost.
(Assurance à la pleine valeur) Insuring property for its actual cash value (current replacement cost less depreciation). However, if the policy contains a replacement cost clause, then insurance to value is cost to replacement.
An amount of insurance at, or close to, the value of the property insured.
Insurance written in an amount approximating the value of the property insured.
An insurance written in an amount estimating the value of the insured property.
The amount of insurance written on property is approximately equal to its value. An insured most always wants to insure all property to value.
Insurance written in an amount equal to the value of the property or which meets coinsurance requirements.