Actual Cash Value vs. Replacement Cost

August 15, 2026 | Tower Hill Insurance

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When it comes to homeowners insurance, understanding how your household belongings are valued after a covered loss can make a big difference. Two common methods are Actual Cash Value (ACV) and Replacement Cost (RC).

So, what’s the difference between Actual Cash Value and Replacement Cost? And how could each affect the amount you receive from an insurance claim? Let’s take a closer look.

When it comes to homeowners insurance, understanding how your household belongings are valued after a covered loss can make a big difference. Two common methods are Actual Cash Value (ACV) and Replacement Cost (RC).

So, what’s the difference between Actual Cash Value and Replacement Cost? And how could each affect the amount you receive from an insurance claim? Let’s take a closer look.

Image of agent reviewing insurance policy with client

Insurance Policy Review

June 28, 2022 | Tower Hill Insurance

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It’s important to meet with your insurance agent once a year to make sure your insurance needs are met.

It’s important to meet with your insurance agent once a year to make sure your insurance needs are met.

Tower Hill Insurance corporate headquarters

Industry Rating Update: Tower Hill Preferred and Tower Hill Signature Insurance Companies

May 27, 2022 | Tower Hill Insurance

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FOR IMMEDIATE RELEASE:
GAINESVILLE, FL
May 27, 2022

FOR IMMEDIATE RELEASE:
GAINESVILLE, FL
May 27, 2022

Hurricane Matthew

2017 year in review, and a look ahead to 2018

December 29, 2017 | Don Matz

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The 2017 storm season was one to remember. What impacts will it have on the insurance industry in the year ahead?

The 2017 storm season was one to remember. What impacts will it have on the insurance industry in the year ahead?

VIDEO: Replacement Cost vs. Actual Cash Value

August 26, 2013 | Tower Hill Insurance

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Our policyholders often ask us, “For how much should I insure my home?” Here’s some insight from the team at Tower Hill.

Our policyholders often ask us, “For how much should I insure my home?” Here’s some insight from the team at Tower Hill.

VIDEO: Why Home Insurance Rates Increase

January 9, 2013 | Tower Hill Insurance

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At Tower Hill Insurance, we don’t take increases in homeowners insurance rates lightly, and we know consumers don’t, either.

At Tower Hill Insurance, we don’t take increases in homeowners insurance rates lightly, and we know consumers don’t, either.

VIDEO: Why Insurance Rates Increase

July 25, 2012 | Tower Hill Insurance

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Chief Underwriting Officer Joel Curran explains the hows and whys of premium increases.

Chief Underwriting Officer Joel Curran explains the hows and whys of premium increases.

VIDEO: All About Renewal Policies

June 13, 2012 | Tower Hill Insurance

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Tower Hill’s Joel Curran discusses what to look for in your renewal policy.

Tower Hill’s Joel Curran discusses what to look for in your renewal policy.