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After a storm, most homeowners ask the same question: 'Will my insurance pay for a new roof?' The honest answer is: it depends on two letters in your policy — RCV or ACV. They decide how much money you actually receive, and the difference can be thousands of dollars.
ACV: Actual Cash Value
ACV pays what your roof is worth today, after wear and age. Think of it this way: a roof, like a car, loses value as it gets older. If your roof cost $20,000 when new and it is now 15 years old, the insurance company calculates its current value — say $10,000 — and that is what an ACV policy pays, minus your deductible. You are left to cover the rest of the replacement cost yourself.
RCV: Replacement Cost Value
RCV pays what it costs to replace your roof with a new one of similar kind and quality — without deducting for age. It usually works in two payments:
1. First payment: the current value of your old roof (similar to ACV), minus your deductible.
2. Second payment: the remaining amount — called recoverable depreciation — once the work is completed and documented.
In the same simplified example, RCV could cover the full $20,000 replacement cost, minus your deductible — if the claim is approved and the work is done and documented as the policy requires.
A simplified example (not a promise)
| ACV policy | RCV policy | |
|---|---|---|
| Cost to replace the roof | $20,000 | $20,000 |
| Depreciation for age and wear | −$10,000 | −$10,000 at first, then recovered after the work |
| Deductible | −$2,500 | −$2,500 |
| What you receive in total | $7,500 | $17,500 |
These are round, illustrative numbers — not your policy, not your roof, and not a guarantee. Your real numbers depend on your policy, your roof's age and condition, and what your insurer approves.
Why this matters before you sign anything
- Know which one you have. RCV and ACV are written in your policy. If you are not sure, ask your insurance agent — not a contractor, and not a guess.
- Keep the paperwork. Photos of the damage, the scope of work, and proof the job was completed are what let an RCV claim move from the first payment to the second.
- A deductible is separate. Whether your policy is RCV or ACV, you still pay your deductible. No honest contractor can waive it for you.
- A roof is a system, not just shingles. A full replacement includes underlayment, flashing, ventilation, and code-required items — not a patch on top of an old roof. That is what a replacement-cost claim is meant to pay for, when approved.
What Matfi does
Matfi Renovations LLC is a Connecticut-licensed roofing and siding contractor (CT HIC #0700378), not an insurance agent or adjuster. We do not decide what your policy covers. What we do is document the damage with photos, walk the roof with the adjuster when you ask us to, and give you a complete, documented scope — so you, your agent, and your insurer are all looking at the same facts. If your roof was damaged in a storm, start with a free inspection. We get on the roof, take photos, and show you what we find — no quote over the phone, no pressure.
Call (203) 305-3217 — Free roof inspection, Fairfield, Litchfield & New Haven counties, CT.
This article is general education only, not insurance advice and not a promise of coverage. Every policy is different. Review your own policy and talk to your insurance agent about what your coverage pays. Matfi Renovations LLC is a contractor, not an insurer, agent, or public adjuster.
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