Should I File an Insurance Claim or Pay for Repairs Out of Pocket?
One of the most common questions we hear at Bucklew Insurance is: “Should I file a claim, or should I just pay for this repair myself?” It’s a fair question—and an important one. Filing an insurance claim can help protect your finances after a loss, but in some situations, paying out of pocket may actually […]
Market Value vs. Replacement Cost: What Springboro Homeowners Should Know
Share the Post: Related Posts
Ohio ACV vs RCV Roof Coverage
Replacement Cost Value (RCV) = full roof paid for; Actual Cash Value (ACV) = replacement cost minus depreciation. Since Feb 7 2024, Fannie Mae forbids ACV-only policies on homes it finances, forcing most Ohio homeowners to carry RCV. If hail hits a 15-year-old roof estimated at $18 k, ACV might write an $8 k check […]