The cost of repairs to damaged property may be acceptable as a measure of the loss in value of the property.

Question

Quizplus · Accepted Answer

The cost of repairs can serve as a measure of the loss in value of the property, especially if the repairs restore the property to its original state before the damage occurred. However, other factors, such as depreciation and loss of functionality, may also affect the property's value.

The Cost of Repairs to Damaged Property May Be Acceptable