Actual Cash Value vs. Replacement Cost Explained
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YouTubeRob Freeman | Insuring The Built Environment
Actual Cash Value vs. Replacement Cost Explained
What's the difference between actual cash value and replacement cost? Also know by the acronyms ACV and RC, these property insurance terms refer to how an insurance company determines what it owes in the event of a property claim. Actual cash value is equal to replacement cost minus depreciation, or the cost of the item when purchased minus ...
7.3K viewsSep 19, 2020
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