Replacement Cost Value Roof

The difference between replacement value and acv is that in replacement value they do not take into account the depreciation and will pay you the replacement value which means you will get what you need to replace it new or repair it like new less your deductible.

Replacement cost value roof. A new roof costs 4 000 to 10 000 on average and varies on the shingle material used and several factors. Based on the 350 to 550 per square pricing range you can expect to pay between 6 000 and 9 350 for a typical 17 squares asphalt shingle roof replacement project. What is the difference between actual cash value roof insurance and replacement cost. Expect to spend 1 500 to 3 000 to remove your current roof before installing a replacement.

Replacement cost coverage rcv is the opposite of actual. Roof installation cost ranges from 400 to 550 per square depending on the roof size and materials used in reroofing. Census found americans typically spent. If you have an older roof and your policy is an actual cash value policy you will most likely not receive enough to replace your roof.