Quick definition
Replacement cost value is the estimated cost to replace damaged property with comparable new property before depreciation is applied.
In roofing claims, RCV is commonly contrasted with ACV, which reflects depreciation or age-related value adjustments.
Definition
What it means for you
Why does replacement cost value matter?
In roofing claims, RCV is commonly contrasted with ACV, which reflects depreciation or age-related value adjustments.
Sources
- PRE Editorial Reference Standard. Professional Roofing Encyclopedia.
Tier 2 authority · industry
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