> ## Documentation Index
> Fetch the complete documentation index at: https://docs.nelsonandassociatesinc.com/llms.txt
> Use this file to discover all available pages before exploring further.

# 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.

## Related terms

* [Actual cash value (ACV)](/learn/actual-cash-value)
* [Dwelling coverage](/learn/dwelling-coverage)
* [Deductible](/learn/deductible)

## Further reading

* [NAIC — Consumer insurance resources](https://content.naic.org/consumer)

These are independent consumer-education sources. Coverage details vary by state and carrier.

## Get a quote

Ready for coverage? A licensed agent calls during business hours (**Mon–Fri 9–5 CT**):

* [Auto / home / life quote](https://nelsonandassociatesinc.com/quote?utm_source=docs\&utm_medium=referral\&utm_campaign=replacement-cost-value)
* [Small business / commercial](https://nelsonandassociatesinc.com/commercial?utm_source=docs\&utm_medium=referral\&utm_campaign=replacement-cost-value)


## Related topics

- [Guaranteed replacement cost](/learn/guaranteed-replacement-cost.md)
- [Actual cash value (ACV)](/learn/actual-cash-value.md)