Replacement cost value and actual cash value coverage, or RCV and ACV, are two different ways your insurance company assesses and pays out claims. RCV pays to repair or replace your damaged property with a new version — without depreciation factored in. ACV takes depreciation into account, ...
In this article, we will dive into the definition of RCV and its importance in insurance claims. We’ll also discuss the factors that affect RCV calculations and explore the difference between RCV and ACV (Actual Cash Value). Additionally, we will provide examples of RCV calculations and highl...