Key terms
- Replacement cost (RCV) — the cost to replace with new, similar materials.
- Actual cash value (ACV) — replacement cost minus depreciation.
- Recoverable depreciation — held back until the work is done, on many RCV policies.
- General information, not insurance or legal advice — your policy and situation decide.
Why the first check is smaller
Many replacement cost policies pay ACV first, then release the held-back depreciation after you show the repairs or replacements were completed.
Collecting recoverable depreciation
- Finish the repairs or replace the items.
- Send final invoices and proof of completion.
- Watch for time limits in your policy.
Contents
Belongings are often depreciated by age and condition. A detailed inventory helps — see documenting damage and contents restoration.
Vault documents the damage, records daily moisture readings, scopes in Xactimate, and bills State Farm, USAA, Allstate, Farmers, and Bear River Mutual directly.
Help with the claim?
Call (385) 250-2825 — answered live 24/7 by the Vault crew.
Insurance claims · What is Xactimate? · Questions for your adjuster