recoverable depreciation

What Is Better Actual Cash Value Or Replacement Cost?

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What Is Better Actual Cash Value Or Replacement Cost? Replacement cost also provides extra protection above the policy’s limit against material and labor cost increases. Therefore, replacement cost is a better homeowner insurance coverage option than the actual cash value because it restores the policyholder’s situation to what it was before the covered loss occurred.

What Amount Would A Person With Actual Cash Value?

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What Amount Would A Person With Actual Cash Value? Actual cash value is equal to the replacement cost minus any depreciation (ACV = replacement cost – depreciation). It represents the dollar amount you could expect to receive for the item if you sold it in the marketplace. What amount would a person with actual cash