Recoverable depreciation is the difference between an item’s replacement cost and its actual cash value (ACV). Replacement cost is the amount it would cost to repair or replace your item with a ...

Recoverable depreciation is only applicable for replacement cost value (RCV) policies and allows policyholders to recoup the difference between the actual cash value (ACV) and RCV, after providing ...

Generally, you will hear the term recoverable depreciation if you have a home insurance policy with replacement cost value coverage. This is in contrast to an actual cash value policy, ...