In this article, we lay out the difference between RCV vs. ACV as it relates to personal property coverage because that is where homeowners most frequently have an option. Generally speaking, when it comes to dwelling coverage (the part of your policy that pays to rebuild the actual structure...
Comparing RCV vs ACV: What's the Difference? The key difference between RCV and ACV lies in how depreciation is handled. RCV coverage does not factor in depreciation, potentially leading to higher payouts, while ACV coverage does take depreciation into account, which may result in lower payou...
Switching to an RCV policy. If you want to get the highest coverage possible before the next storm, you may wish to discuss buying an RCV policy for your business and carefully review the policy limits and exclusions with an insurance professional. If you are having trouble collecting payment ...