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- Estimated cost of rebuilding an insured propertyIn property insurance, the term ‘reinstatement value’ is an estimated cost of rebuilding an insured property. This estimate is independent of the property’s market value. Therefore, it is also called the reinstatement cost. It accounts for all the associated expenses—demolition expenses, site clearance, and rebuilding costs.www.wallstreetmojo.com/insurance-reinstatement/
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