What is Replacement Cost Value?

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Steve Sims explains Replacement Cost Value.

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I found it helps to explain the ACV as the value of the age the roof is at, the depreciation is time from when the roof is new. When its a replacement cost policy that depreciation is the promise that if they bring that roof to the new condition, that the difference is paid back.

mikepen
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Should be the first video/information provided to the homeowner to understand the process. In a plain easy to follow and understand rather than 10 plus pages of insurance language speak.

U