What is Replacement Cost Value?

Steve Sims explains Replacement Cost Value.
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[@mikepen0287]

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.

[@65U512]

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.