These resources are brought to you by the Cooperative Extension System and your Local Institution

Agricultural Disaster Preparedness Home, Floods Home

Have a question? Try asking one of our Experts

What is the difference between “actual value” and “replacement value”?

Last Updated: February 07, 2008

View as web page


Coverage on “replacement value” gives you the money to rebuild your home and contents. An "actual cash value" policy is cheaper but pays only what your property is worth at the time of loss?your cost minus depreciation for age and wear.

Browse related Faqs by tag: disasters, floods


Have a specific question? Try asking one of our Experts

Unlike most other resources on the web, we have experts from Universities around the country ready to answer your questions.