Loss Valuation

How is Loss Valuation defined in a legal contract?

• Loss Valuation means the estimated value that the equipment would have held, had it not been lost or destroyed, assuming that the equipment was in excellent condition prior to the incident. This value is determined by an approved valuer. Seen in 5 SEC filings.
• Loss Valuation means the projected value that the goods would have retained in the event of the enforcement of a judgment, or if they had not been lost, destroyed, or damaged. Seen in 2 SEC filings.
• Loss Valuation means the value is based on a ""Replacement Cost"" basis, which includes modifications to account for all costs to repair or replace the structure or work, including overhead and profits. It is determined based on replacement cost calculations at the time of repair or replacement. Seen in 1 SEC filing.
• Loss Valuation means the potential value that the goods were predicted to hold. Seen in 1 SEC filing.

Note: The Genie AI Legal Assistant pulled this data out of the SEC EDGAR Database of 500,000 records from the past 22 years of filings. We regularly update this page as new filings and definitions come in.

Search EDGAR for 'Definitions of loss valuation' yourself to verify these results. We are always keen to point people to source documents.

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Which definition should you use?

🤔 Our AI Legal Assistant has combined and improved the above descriptions to create market-standard 'Genie definitions' below, with guidance on which documents and which industry to use for each.

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Genie Definition 1

Loss Valuation means the calculated value of goods or equipment if it hadn't been lost, destroyed, or damaged.

Relevant Contract Types

• Insurance Contracts
• Purchase Agreements
• Equipment Leases
• Supply Agreements
• Asset Purchase Agreements

Relevant Circumstances

• Equipment damages or loss during shipment
• Natural disasters resulting in loss or damages
• Theft or vandalism resulting in property loss

Relevant Sectors

• Logistics
• Construction
• Manufacturing
• Retail

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Genie Definition 2

Loss Valuation means the estimated replacement and repair cost including overhead and profits.

Relevant Contract Types

• Construction Contracts
• Service Agreements
• Maintenance Contracts

Relevant Circumstances

• Unexpected breakdowns requiring significant repair or replacement
• Ongoing maintenance and periodic replacements
• Major renovations or repair projects

Relevant Sectors

• Real Estate
• Maintenance Services
• Retail
• Information Technology

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