Glossary · coverage
Replacement Cost Value
The full cost to replace damaged property at current prices.
Replacement Cost Value is what it would cost today to replace the damaged property with materials of like kind and quality, without subtracting depreciation. Most Florida HO-3 policies offer RCV for the dwelling but sometimes only ACV for contents.
Example. A roof that cost $15,000 to install 10 years ago may have an RCV of $28,000 today.
In practice
Where you encounter "Replacement Cost Value" in Florida claims
Policyholders see "Replacement Cost Value" referenced in policy language, claim correspondence, and carrier scope of loss documents. Knowing the precise definition under Florida practice keeps you from accepting carrier framing. See also FS 626.854 on Public Adjuster licensing and FS 627.70131 on carrier duties.
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Know these too
Related terms
The depreciated value of damaged property.
A percentage-based deductible for named hurricanes.
Dwelling coverage for the structure of your home.
Other Structures coverage.
Personal Property coverage.
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Where else this term matters
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A licensed Florida public adjuster will review your policy and loss documentation for free.
- ✓Licensed Florida public adjusters
- ✓We work for policyholders, not insurance companies
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What kind of damage?
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Free review. No fee unless we recover more.
Glossary
Related insurance terms
Related glossary entry: Mitigation.
Related glossary entry: Builders Risk.
Related glossary entry: Scope Sheet.
Related glossary entry: Frozen Pipe Damage.
Related glossary entry: Reasonable Rental Value.
Related glossary entry: Appraisal Clause.
Free claim review
Licensed Florida public adjusters. Free claim review. No recovery, no fee.
- ✓Licensed Florida public adjusters
- ✓We work for policyholders, not insurance companies
- ✓No fee unless we recover more than you were offered
What kind of damage?
Pick the closest match. We will ask for details next.
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