Is My Settlement Based On ACV Or RCV?

When disaster strikes, understanding how your home insurance claim will be paid out is crucial. Dive into the fundamental differences between Actual Cash Value (ACV) and Replacement Cost Value (RCV) to ensure you're prepared. In this video, you will learn: ► The core distinction between ACV and RCV in property insurance. ► How depreciation impacts your initial claim settlement under ACV. ► Why opting for RCV coverage often means a higher payout for rebuilding. ► Key considerations for choosing the right coverage for your home and finances. #ACVvsRCV, #HomeInsurance, #ClaimSettlement, #PropertyInsurance