Reproduction cost

Term · Insurance and risk management · MLC-T-INS-002898

The expense to construct an exact replica of an insured property using identical materials, design, and workmanship at current prices. This valuation method accounts for the cost of labor, materials, and overhead to rebuild the structure as it was before a loss. It differs from replacement cost, which considers the cost to replace with a property of similar utility using modern materials and construction methods.

Table 1. Record
Identifier	MLC-T-INS-002898
Field	Insurance and risk management

Record as JSON

{
  "id": "MLC-T-INS-002898",
  "term": "Reproduction cost",
  "field": "Insurance and risk management",
  "definition": "The expense to construct an exact replica of an insured property using identical materials, design, and workmanship at current prices. This valuation method accounts for the cost of labor, materials, and overhead to rebuild the structure as it was before a loss. It differs from replacement cost, which considers the cost to replace with a property of similar utility using modern materials and construction methods.",
  "url": "https://mlchart.com/terminology/insurance/reproduction-cost/"
}

Record 2,965 of 3,748 in Insurance and risk management terminology (MLC-0106). Request the full dataset.