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The parable of the broken window was introduced by French economist Frédéric Bastiat in his 1850 essay "That Which Is Seen, and That Which Is Not Seen" ("Ce qu'on voit et ce qu'on ne voit pas") to illustrate why destruction, and the money spent to recover from destruction, is not actually a net benefit to society.
You should assume that any home built before 1978 contains some lead.” [25] In April 2010 the U.S. Environmental Protection Agency (EPA) required that all renovators working in homes built before 1978 and disturbing more than 6 square feet (0.56 m 2) of lead paint inside the home or 20 square feet (1.9 m 2) outside the
A typical installation of insulated glass windows with uPVC frames. Possibly the earliest use of double glazing was in Siberia, where it was observed by Henry Seebohm in 1877 as an established necessity in the Yeniseysk area where the bitterly cold winter temperatures regularly fall below -50° C, indicating how the concept may have started: [2]
For example, if your coverage limit was up to $200,000, but the cost of rebuilding your home is $250,000, an extended replacement cost endorsement that covers up to 25 percent more than the policy ...
The term replacement cost or replacement value refers to the amount that an entity would have to pay to replace an asset at the present time, according to its current worth. [1] In the insurance industry, "replacement cost" or "replacement cost value" is one of several methods of determining the value of an insured item. Replacement cost is the ...
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