Houck - Seward Agency
1940 Eggert Road
Amherst, New York 14226
Phone: (716) 835-2525
Fax: (716) 835-7808
The price at which property could be sold, generally applicable to real estate. One of several common ways property may be valued for the purpose of selecting insurance coverage limits. Closely related concepts are 'actual cash value' (ACV) and 'replacement cost'.
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