WI Public Adjuster Practice Questions - Wisconsin Public Adjuster Exam

What is 'replacement cost value' (RCV) and how does it differ from ACV?

RCV pays the full cost to replace without depreciation deduction; ACV deducts depreciation RCV and ACV are identical ACV is always higher than RCV RCV only applies to commercial property

Correct Answer:

RCV pays the full cost to replace without depreciation deduction; ACV deducts depreciation

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