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  2. Roof insurance: ACV vs. replacement cost - AOL

    www.aol.com/finance/roof-insurance-acv-vs...

    Replacement cost value coverage is a bit simpler to understand than actual cash value for roofs. If you have a homeowners policy that covers your roof on a replacement cost basis, the insurance ...

  3. RCV vs. ACV - AOL

    www.aol.com/finance/rcv-vs-acv-151138581.html

    Confused about RCV vs ACV? Bankrate explains the difference.

  4. What is home insurance replacement cost coverage? - AOL

    www.aol.com/finance/replacement-cost-coverage...

    The same policy may only cover your personal belongings at actual cash value (ACV), or their replacement cost minus depreciation, unless you opt to add home insurance replacement cost coverage for ...

  5. Replacement value - Wikipedia

    en.wikipedia.org/wiki/Replacement_value

    Replacement cost is the actual cost to replace an item or structure at its pre-loss condition. This may not be the "market value" of the item, and is typically distinguished from the "actual cash value" payment which includes a deduction for depreciation. For insurance policies for property insurance, a contractual stipulation that the lost ...

  6. Actual cash value - Wikipedia

    en.wikipedia.org/wiki/Actual_cash_value

    Actual cash value is computed by subtracting depreciation from replacement cost. [1] The depreciation is usually calculated by establishing a useful life of the item determining what percentage of that life remains. This percentage multiplied by the replacement cost equals the actual cash value. For instance, imagine a man bought a television ...

  7. Property insurance - Wikipedia

    en.wikipedia.org/wiki/Property_insurance

    Replacement cost coverage pays the cost of repairing or replacing the property with like kind & quality regardless of depreciation or appreciation. Premiums for this type of coverage are based on replacement cost values, and not based on actual cash value. [5] Actual cash value coverage provides for replacement cost minus depreciation. [6]

  8. Recoverable depreciation in home insurance: what it is and ...

    www.aol.com/finance/recoverable-depreciation...

    Incident. Amount. Fridge value at the time of purchase in 2018 (i.e., its replacement cost) $1,500. Useful life. 14 years. Depreciation per year. $107 ($1,500 ÷ 14)

  9. Total loss - Wikipedia

    en.wikipedia.org/wiki/Total_loss

    Total losses may be actual total loss or constructive. [11] If the policy is a "valued" policy (so that the ship or cargo has an "agreed value" rather than a "market value"), then, in the absence of fraud, the agreed value is conclusive, but only for an actual total loss. In a constructive total loss, the agreed value is not conclusive. [17]