How to Read an Insurance Estimate: Decoding Line Items and Totals
It’s Not a Receipt: An insurance estimate is a proposal of scope, not a final invoice. It lists what the adjuster thinks needs to be done, not necessarily what your contractor will charge. The “Big Three” Numbers: Focus on RCV (Replacement Cost), Depreciation (Age deduction), and ACV (The first check amount). Knowing the difference prevents … Read more