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Explanation: This answer is correct, it means "over book value".
You have asked me what it means. Here is the answer:
The insurance pays probably over book value for things lost, stolen, damaged.
Book value means the price the goods were bought at, minus a depreciation
for time and use.
Let's take a car: It was 4 years old with 50'000 miles driven. The 'Argus'
gives a medium price for the amount this car can be sold. The insurance will
compensate the loss above book value.