KS Public Adjuster Practice Questions - Kansas Public Adjuster Exam

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What is the primary difference between actual cash value (ACV) and replacement cost value (RCV) in commercial property claims?

ACV is always higher than RCV RCV is the cost to repair or replace with like kind and quality without depreciation, while ACV deducts depreciation from RCV ACV includes business interruption losses; RCV does not There is no difference in commercial claims

Correct Answer:

RCV is the cost to repair or replace with like kind and quality without depreciation, while ACV deducts depreciation from RCV

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