Claims & Insurance
Replacement cost value
What it costs to repair or replace the damage with like kind and quality at today's prices, without deducting for age. Most policies pay it only after the work is done and invoiced, so keep receipts and completion photos to collect the recoverable depreciation.
Common questions
What does "Replacement cost value" mean in Xactimate estimating?
What it costs to repair or replace the damage with like kind and quality at today's prices, without deducting for age. Most policies pay it only after the work is done and invoiced, so keep receipts and completion photos to collect the recoverable depreciation.
Where does "Replacement cost value" show up in a claim?
The term matters on estimates and scopes across the insurance restoration workflow. Browse the glossary for related terms.
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