
Understanding Replacement Cost vs. Actual Cash Value: What Homeowners Need to Know About Roofing Insurance
When it comes to roofing insurance, the terms replacement cost and actual cash value (ACV) play a major role in how much you’re reimbursed for a roof claim. However, many homeowners don’t fully understand the difference between the two until they’re dealing with storm damage or leaks and trying to file a claim. If you’ve ever wondered why your insurance payout was lower than expected or what coverage is best