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 ...
If you have to file a homeowners insurance claim to replace damaged, destroyed or stolen items, you might be surprised to learn your policy doesn't necessarily cover the full cost of a replacement.
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 ...
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