Claim settlement waterfall

RCV → ACV → first check → depreciation check.

The whole-claim payment math on a replacement-cost policy: start from RCV, back out depreciation to ACV, subtract the deductible and any prior payments for the first check, and show the recoverable-depreciation second check released when repairs are complete.

Inputs

Replacement cost (RCV) ($)

Depreciation entered as

Recoverable depreciation

Withheld now, released after repairs.

Non-recoverable depreciation

Never paid — e.g. items past useful life or an ACV-only policy.

Deductible entered as

Deductible

Coverage A limit ($)

Only used when the deductible is a % of Coverage A.

Prior payments ($)

Result

Enter values above to calculate.

Payment illustration — actual settlement follows the policy terms, endorsements, and applicable law. Not a coverage determination.