Learn — Policy basics
Replacement cost value (RCV)
What replacement cost value (RCV) on a home or auto policy pays for at claim time, why it beats actual cash value, and how RCV affects your premium.
Replacement cost value (RCV) pays what it costs to replace damaged property at current prices, without subtracting depreciation.
RCV settlements are typically better at claim time than actual cash value. Worth comparing premium difference for both home and contents.