Policy Review: RCV v. ACV Policies

when it comes to a roof an ACV policy is worthless make sure you have a replacement cost value policy replacement cost value policy means that if your roof is damaged and it costs $20,000 to replace your roof your insurance company has to pay $220,000 minus your deductible an actual cash value policy though subtracts depreciation based on the age of your roof and that is all they're required to pay minus your deductible so in other words if you have a 13-year old old roof they only have to pay the value of a 13-year-old roof how much would you pay for a 13-year-old roof not $20,000 and not anything near $220,000 so the end result is you get nowhere near enough to make the repairs that are necessary to fix your home don't get an ACV policy if you're not sure what you have send your policy to me and I will review it for you I'm Brook bolts with bolts legal