ACV vs RCV: Understanding Roof Insurance in Indiana

Understanding your policy type is crucial for knowing what to expect from your roof insurance claim.

ACV (Actual Cash Value) policies pay the depreciated value of your roof. If your 15-year-old roof needs replacement, you'll receive the current value minus depreciation.

RCV (Replacement Cost Value) policies pay the full cost to replace your roof with similar materials, regardless of age.

Most RCV policies have recoverable depreciation - they initially pay ACV, then release the depreciation amount after work is completed.

Indiana homeowners with RCV policies typically receive better coverage for storm damage claims.

Check your policy declarations page or call your agent to confirm which type of coverage you have.