Homeowners Insurance Mistake That Could Cost You Thousands! Don’t get hit with a devastating reality thinking that your homeowners insurance will cut you a big check to rebuild after a loss. Don’t find out the hard way that your policy only covers Actual Cash Value (ACV) instead of Replacement Cost Value (RCV). Here’s why that’s a problem: ACV only pays for the depreciated value of your damaged items. For example, if your roof is 20 years old and you’ve had it for 10 years, your payout will only cover that used portion, not enough to get a brand-new roof! The solution? Update your policy to Replacement Cost Value (RCV) so your insurance covers the full cost of rebuilding or replacing what’s lost. Check your policy ASAP!

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