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what is the difference between actual cash value and replace

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Posted: Tue Nov 17, 2009 9:29 pm   Post subject: what is the difference between actual cash value and replace   what is the difference between actual cash value and replacement value?	peters62 New member Joined: 17 Nov 2009 Posts: 1 1.25 Dollars($)
Posted: Wed Nov 18, 2009 8:43 pm   Post subject:    The only difference between the two is a deduction for depreciation on an ACV.	Trench Senior member Joined: 16 Sep 2009 Posts: 911 Location: Kansas City 152.85 Dollars($)
Posted: Wed Nov 18, 2009 8:56 pm   Post subject:    An easier way to understand it is that RCV is what it would cost to replace the item at the time it was damaged. ACV is what damaged item itself is worth at the time of the loss. A house might be worth $200k (ACV) but to build a duplicate one would probably cost much more (RCV). A 10 year old microwave might be worth $10 (ACV). But to replace it with a brand new one might cost $50 (RCV)	tcope Forum Expert Joined: 22 Nov 2006 Posts: 5069 Location: Salt Lake City, UT 272.92 Dollars($)

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