insurance rate for roof replacement cost
RCV stands for Replacement Cost Value. RCV is the current retail cost to replace your damaged items. ACV is the Actual Cost Value. For example, assume a roof in year 10 of an expected 20 year life is totaled by hail.The cost to replace the roof is $10,000 Then RCV would be 10,000 and the ACV would be $5,000 (10/20th of $10,000).The difference between the two, $5,000, is the depreciation which is additional funds you will receive.Generally depreciation is paid after you submit a final invoice.CV stands for Replacement Cost Value. RCV is the current retail cost to replace your damaged items. ACV is the Actual Cost Value. For example, assume a roof in year 10 of an expected 20 year life is totaled by hail.