What Is Replacement Cost Value (RCV)?
The cost to repair or replace damaged property with new property of like kind and quality, without any deduction for depreciation.
Replacement Cost Value (RCV) across 2 exams
Replacement Cost Value (RCV) appears on the following exams. Each defines it in the context candidates are tested on:
- All-Lines Adjuster
- The cost to repair or replace damaged property with new property of like kind and quality, without any deduction for depreciation.
- Public Adjuster
- The cost to repair or replace damaged property with materials of like kind and quality, without any deduction for depreciation.