{"@context":"https://schema.org","@type":"DefinedTerm","name":"replacement value","description":"In cargo insurance, replacement value enters the picture the moment goods are lost or damaged and need to be reinstated: it reflects the current market cost of procuring an identical or equivalent new item today, covering purchase price, freight, duties, and all sourcing expenses. No deduction is made for age, wear, or depreciation – that is the critical distinction from actual cash value. A replacement-value policy therefore settles a total loss at the full cost of a new equivalent, whereas an ","inDefinedTermSet":{"@type":"DefinedTermSet","name":"Frachtportal Logistics Glossary","url":"https://www.freight-academy.com/en/glossary"},"url":"https://www.freight-academy.com/en/glossary/replacement-value","inLanguage":"en","dateModified":"2026-06-26T17:44:05.113088","citation":"https://de.wikipedia.org/wiki/Neuwert","markdownMirror":"https://www.freight-academy.com/api/md/glossary/en/replacement-value","provider":{"@type":"Organization","name":"Frachtportal","url":"https://www.freight-academy.com"},"quickSummary":"replacement value · In cargo insurance, replacement value enters the picture the moment goods are lost or damaged and need to be reinstated: it reflects the current market cost of procuring an identical or equivalent new item today, covering purchase price, freight, duties, and all sourcing expenses. · Quelle: https://de.wikipedia.org/wiki/Neuwert"}