Actual Cash Value vs. Replacement Cost Value
The difference between actual cash value vs replacement cost value can be confusing. Policies can sometimes be difficult to understand, we all know that. ACV, RCV, what does it all mean? Clarification of the insurance language is important. There are very few people who will read a policy cover to cover and understand what it means. This article is intended to take basic information of property investor insurance and explain what it means to you.