Actual Cash Value vs Replacement Cost (Florida Homeowners Guide)

This is one of the most important parts of your policy—and one of the most misunderstood.

Replacement Cost (RCV)

This pays to replace your damaged property at today’s cost.

Actual Cash Value (ACV)

This factors in depreciation—meaning you may get less money after a claim.

Why This Matters in Florida

Many policies are shifting toward ACV for roofs.

This can significantly increase your out-of-pocket costs.

The Bottom Line

The cheapest policy isn’t always the best.

Understanding how your policy pays out can save you thousands.

Need Help Reviewing Your Policy?

We’ll explain it in plain English—no pressure.