Tag: replacement cost

Replacement Cost vs. Actual Cash Value

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Replacement Cost vs. Actual Cash Value

Let’s say your home was broken into last night. Though no one was hurt, your big screen TV was stolen. Luckily, you have homeowner’s insurance. When you go to make a claim, insurance companies have several methods to calculate the amount it will pay you for that loss. Two of these methods are replacement cost (RC) and actual cash value (ACV).
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