Actual Cash Value (ACV) Definition Actual Cash Value (ACV) is defined as the cost to replace with new items of same kind and quality, less depreciation. It’s not what you originally paid for the item. Replacement Cost Value (RCV) Definition Replacement Cost Value (RCV) is defined as the cost to replace the lost items. It
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Actual Cash Value Vs. Replacement Cost was originally posted by ClaimsMate.com Insurance Information Resources
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