Meaning of replacement cost

1. The insurance company will only cover the replacement cost of the damaged item, not the full value.
2. The replacement cost of the laptop was higher than expected, so I decided to repair it instead.
3. When calculating your home's value, be sure to consider the replacement cost of any upgrades or renovations.
4. The replacement cost of the antique vase was much higher than its actual market value.
5. It's important to regularly update your insurance policy to ensure the replacement cost of your belongings is accurately reflected.
6. The insurance adjuster will need to assess the replacement cost of the car before approving the claim.
7. When determining the replacement cost of a product, factors such as depreciation and market value must be considered.
8. The replacement cost of the stolen jewelry was covered by the homeowner's insurance policy.
9. The contractor provided an estimate for the replacement cost of the damaged roof.
10. Before purchasing a new appliance, it's crucial to research the replacement cost of parts and repairs.