Renters Insurance - Are you Protected?

Renters Insurance - RCV .VS. ACV (Let's Explain ) ..

🏡 Renters Insurance:

Even if you think you have few possessions, chances are that once you start writing out your Personal Items Checklist, those few items, will turn into much more than you thought, along with a bigger total value than expected. 

  • When a fire, natural disaster, or theft occurrence happens you want to know what your policy covers.

  • NO ONE wants to replace their possessions, all over again out of pocket.


Here is an EASY way to understand –

⚫️ Replacement Cost Value (RCV)

(RCV) = NO DEPRECIATION (YAY!!!) 

-       The (RCV) option is often know as a SUPERIOR option to an (ACV)

-       The Replacement Cost Value allows you to REPLACE your items that are the same or (similar) type quality. 


⚫️ Actual Cash Value (ACV)

ACV = Is the Depreciated (yes you heard right) 

-the LESSER VALUE of your item, at the time of loss.  

- You get what your items are actually worth TODAY, NOT what you paid for it!


Still not sure about it, here’s another helpful (ACV) example: 

-       What your things might be sold for at Garage Sale.

-       Yup, that about what you’ll get back.  


I love ❤️ helping my clients understand the value in their insurance policy. 

Fidelity First Insurance Group 

We welcome your call ~ 

(702) 503-9853 


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Chenee MarxFidelity First Insurance Group