It's free, simple and secure. In home insurance, recoverable depreciation is the difference between your property's actual cash value and replacement value. Home insurance companies usually pay ...

When looking to purchase home insurance or file a claim, you may encounter the terms replacement cost value (RCV) or actual cash value (ACV). If you have replacement cost coverage on your home ...

Craig Anthony, CFA, is the founder and CEO of the Craig Anthony Group LLC. He is also an Investopedia contributor and published author. Ebony Howard is a certified public accountant and a QuickBooks ...

Recoverable depreciation is only applicable for replacement cost value (RCV) policies and allows policyholders to recoup the difference between the actual cash value (ACV) and RCV, after providing ...