Damaged Property

Total Replacement Cost Value: The RCV of all items for that Damaged Property

Actual Cash Value: The total ACV of all items for that coverage.

Recoverable deprecation is shown in ( ), and non-recoverable depreciation is shown in < > for the damaged property.

Policy Deductible: The amount of the loss paid by you. A deductible is generally a specified dollar amount ot a percentage of your policy amount.

Net Claim: The amount payable to you after depreciation and deductible have been applied. This amount can never be greater than your coverage limit.

The total amount of depreciation you can potentially recover, designated in ( ).* 

*This may or may not apply to your loss

Net Claim if Depreciation is Recovered