Insurance Compensation


Determining compensatory value for the loss of computer hardware involves knowledge of the unique behavior of the computer marketplace and special technical expertise usually not required for other types of machinery and equipment. Lack of that understanding can result in overcompensation or under-compensation to the insured.
One solution for the insurer is to assign NACOMEX, a knowledgeable specialist experienced in valuing computer hardware for loss compensation purposes, to develop the appraised value.



The actual definition of value will be specified in the insurance contract, such as:

  • Actual Cash Value

  • The price in terms of cash or other precisely revealed terms that would be necessary to replace a property with another of similar utility, age, quality, appearance, size and condition within a reasonable length of time in an appropriate and relevant market. It is the market value of a property, plus appreciation or less all forms of depreciation.

  • Replacement Cost

  • The cost, in terms of money, that would be required to replace a property with another of similar age and condition within a reasonable length of time in an appropriate and relevant market.

  • Replacement Cost - New

  • The cost, in terms of money, that would be required to replace a property with an equivalent or substitute which is new, having the same quality and utility.


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