10/15/2026
When a covered loss affects your church, ministry, private school, or nonprofit, the way your policy values property can make a meaningful difference in your recovery.
Actual cash value (ACV) generally accounts for depreciation, while replacement cost value (RCV) is designed to help cover the cost of replacing damaged property with comparable new items, subject to your policy terms and limits.
Understanding whether your coverage is ACV or RCV can help you prepare for the financial impact of a property claim and protect the work your organization does for its community.
At Damasca Insurance, we help Florida faith-based organizations and nonprofits review their coverage with clarity. Reach out to our team to discuss your policy and how its payout structure may affect your organization after a loss.