Replacement Cost Value Roof

What is the difference between actual cash value roof insurance and replacement cost.

Replacement cost value roof.

Expect to spend 1 500 to 3 000 to remove your current roof before installing a replacement. A new roof costs 4 000 to 10 000 on average and varies on the shingle material used and several factors. The national average cost to replace a roof is 7 211 with most homeowners spending between 4 707 and 10 460. A midrange roof replacement costs 20 670 on average according to remodeling magazine s analysis of select construction estimates.

If you have an older roof and your policy is an actual cash value policy you will most likely not receive enough to replace your roof. Calculate the price of your roof replacement. The difference between replacement value and acv is that in replacement value they do not take into account the depreciation and will pay you the replacement value which means you will get what you need to replace it new or repair it like new less your deductible. Replacement cost coverage rcv is the opposite of actual.