Earth Saving Solutions | Denver, CO – In this educational video, we clearly explain one of the most confusing insurance terms property owners encounter during claims: ACV or Actual Cash Value. Understanding this concept is crucial for making informed decisions during the insurance claim process.
The video provides a straightforward definition: “ACV is the actual cash value that the insurance company is willing to pay.” Using roofing as a practical example, the explanation continues: “If your roof is 15 years old and it has a 30 year lifespan, you are going to get 50% of the depreciation after you replace your roof. So 50% RCV, 50% ACV.”
This concise breakdown helps property owners understand why initial insurance payouts are often lower than expected and how depreciation affects claim settlements. By demystifying insurance terminology, Earth Saving Solutions empowers clients to better navigate the claims process with confidence.
This educational content reflects our commitment to transparency and client education throughout the insurance claim and restoration process. For property owners seeking contractors who can effectively guide them through complex insurance procedures, this video demonstrates our expertise and commitment to clear communication.
🌐 Learn More: essremodel.com
📞 Contact: +1 720-309-5679
📍 Denver, CO
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