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How do I determine the value of properties for insurance purpose (eg. office equipment, machinery, household contents, personal effects, etc)?

April 26, 2017Contents determine equipment household Insurance machinery Office properties purpose value

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How do I determine the value of properties for insurance purpose (eg. office equipment, machinery, household contents, personal effects, etc)?

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The basis of valuation for the determination of the sum to be insured is either on market value (less depreciation) or replacement value (as new but not superior) of the same type, model, and year of manufacture or make.