Does My Insurance Cover the Full Replacement Cost or Just the Actual Cash Value of My Damaged Roof?
Dealing with property damage is never a pleasant experience. Amid the chaos and disruption, homeowners frequently face confusing insurance terminologies that can make the claims process even more perplexing. A recurrent question for many homeowners, especially in the realm of roof, gutter, or skylight damages, is: “Does my insurance cover the full replacement cost or just the actual cash value?” For residents of Collierville, TN and surrounding areas, understanding the nuances of Replacement Cost Value (RCV) and Actual Cash Value (ACV) can significantly impact the financial aspects of their repairs. Restoration Roofing, our Collierville TN roofing company, seeks to demystify…
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