Actual cash value vs. replacement cost: Understanding the difference in home insurance
Actual cash value and replacement cost are two different ways home insurance companies calculate your payout on a claim.
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Roof insurance: ACV vs. replacement cost
Some insurance policies may give you the option to choose between ACV or replacement cost value (RCV), but if your roof is past a certain age (generally 15 to 20 years old), your insurer may ...
New car replacement insurance: How it works
New car replacement insurance can be a valuable asset if your new car is damaged in an accident. Learn how this insurance ...
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How much homeowners insurance do I need?
actual cash value (ACV) and replacement cost value (RCV). You may have the option to choose between these settlement types, or you may automatically be given one or the other. Understanding them is ...
How much homeowners insurance do you need?
The amount of homeowners insurance you need is an individual determination based on many factors. We’ll explain the coverage ...