ClaimHaven Institute
ClaimHaven Institute is here to provide you with up to date, quality information about how to protect yourself throughout the claims process. Our desire is to help keep you informed and ensure that your insurance works for you as intended.
RCV: The Promise vs. the Practice
What Replacement Cost Value Is Supposed to Mean—and How It’s Actually Applied.
Most homeowners believe Replacement Cost Value (RCV) coverage is simple. If something is damaged, the insurance company pays what it costs to put it back the way it was before the loss. That belief is not naïve. It’s exactly how RCV is written, sold, and explained. The problem is not the promise. The problem is the practice.
Verifying Storm Damage & Vetting Contractors and Public Adjusters (PAs) the Right Way
When a contractor or public adjuster claims storm damage, the first question a homeowner should ask is simple: “How do we independently verify that a storm actually impacted my property?” Honest contractors and public adjusters welcome this question. Bad ones avoid it.
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