The cost of replacing or restoring property to it’s condition prior to a loss, minus the depreciation.
The cost of replacing or restoring property to it’s condition prior to a loss, minus the depreciation.
With regard to a vessel: to run, drive, or cause to drift onto a strand; run aground. The vessel must be hard and fast for an appreciable period of time; a mere touch and go, or a grounding due to the rise and fall of a tide would not constitute stranding.