Cheap Insurance reports that understanding actual cash value (ACV) vs. replacement cost value (RCV) is crucial for renters insurance, impacting financial recovery after losses.

You probably don’t think about your roof often — and that’s not a bad thing. If you are thinking about it, chances are something’s gone wrong. When roofs wear out or sustain damage, the right ...

When a storm, fire, or burst pipe wrecks your home, the most important line in your policy is not the deductible, it is ...

Tori Addison is an editor who has worked in the digital marketing industry for over five years. Her experience includes communications and marketing work in the nonprofit, governmental and academic ...

Scott Nyerges is a former senior editor and content strategist at U.S. News & World Report, where he led coverage of car insurance and other personal insurance lines. He's also served as a managing ...

Actual cash value means that you will not get a check from the insurance company for enough money to replace your damaged, lost, or stolen item with a brand new version. ACV home insurance policies ...

WASHINGTON U.S. Senator Eric Schmitt led a letter to Federal Housing Finance Agency Director William "Bill" Pulte calling for the repeal of a Biden-Era guidance that would prohibit actual cash value ...

Learn how car insurers evaluate vehicle value to better negotiate your claim and find out why insurance payouts often fall ...