Blog

Replacement Cost vs Actual Cash Value (ACV)

<p> Check your policies to see if your claims will be settled on a Replacement Cost basis or an Actual Cash Value (ACV) basis. ACV claims settlements will typically have depreciation withheld AS WELL AS the application of your deductible. This withheld depreciation is not recoverable.</p> <p> In a simplified comparison, let us say that you have damage to a 15 year old roof with a 30 year useful life and your deductible is $500. Say that the cost to replace ...