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2. RCV vs. ACV - AOL

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

   Key takeaways. RCV (replacement cost value) and ACV (actual cash value) coverage refer to how your insurance company will assess value and pay to replace or repair damaged items following a ...

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

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

   What are the best homeowners insurance companies? ... Unlike actual cash value, replacement cost is designed to pay for new replacement items at current prices. Actual cash value only pays for how ...

4. Actual cash value - AOL

   www.aol.com/finance/actual-cash-value-211544742.html

   An actual cash value homeowners insurance policy is a great option if you’re on a budget since your premium will be lower than with a replacement cost homeowners insurance policy. If you don’t ...

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. Home insurance - Wikipedia

   en.wikipedia.org/wiki/Home_insurance

   Homes covered by an HO-2 Broad policy accounted for 5.15%, which covers only specific named perils. The remaining 2% includes the HO-1 Basic and the HO-8 Modified policies, which are the most limited in the coverage offered. HO-8, also known as older home insurance, is likely to pay only actual cash value for damages rather than replacement. [13]