RCV, ACV, DEDUCTIBLE & DEPRECIATION EXPLAINED
Deciphering an insurance claim takes experience, and knowledge that most homeowners find daunting. Common terms such as “ACV”, “RCV”, “Deductible”, and “Depreciation” are often puzzling to people who don’t handle insurance claims routinely.
At Advent Roofing & Restoration, we want our customers to have full clarity about their insurance claim, and acquire the necessary knowledge to make confident decisions about their roofing repairs. There are a few things that should help one understand insurance jargon, and we will attempt to explain RCV, ACV, Deductible, and Depreciation below.