Replacement Cost Value vs. Actual Cost Value Policy. What does it all mean?

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Have you read your home insurance policy? Do you know what any of those big words mean? Today at My Insurance Claim Expert, we discuss the difference between replacement cost value and actual cost value policy. The replacement cost value is the amount it will take to replace your property or belongings without any deduction for depreciation. The actual cash value is the replacement cost value minus depreciation. Follow our Facebook informational group at Anything About Property Insurance Claims 101: If you have any questions that you would like answered, email us at

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