A process of actions taken to correct the damage to a property caused by an insured or non-insured incident, these actions can take the form of several individual processes or procedures, which are laid out in systematic steps to coincide with other actions, which may or may not be undertaken by different contractors
To restore an article_s appearance and function to the degree feasible by normal and accepted methods.
To provide a property or component as a substitute for one which has been damaged or destroyed; where facsimile replacement is not feasible, the new article should be the closest equivalent currently available from regular sources.
REPLACEMENT (NEW FOR OLD) COVER
An insurance policy rider that provides for the payment of the actual replacement cost, as opposed to depreciated value, of items (usually contents) that are destroyed during a covered peril.
The current retail price of an equivalent property; an insurance coverage which pays the full cost of repair, or replacement of items damaged beyond economical repair, payable when the repair or replacement is actually performed.
RESERVATION OF RIGHTS
In insurance claims, a written agreement signed by the claimant, that the insurer does not relinquish its rights under the policy by investigating a loss.
That portion of the assets (funds) of an insurance company that have been set aside to pay current claims that have been reported but not finalized.
The _container_ in which micro organisms grow and develop. Most bio pollutants, for example, are found in reservoirs such as standing water or decaying matter.
Materials carried by air, smoke, water, or other substance that remains after the transporting medium has been removed or dissipated.
Devices that should protect the wearer_s respiratory system from overexposure by inhalation of airborne contaminants.