subject: Ordinance Of Law Exclusions [print this page] As soon as persons lose their property in any fire they assume that the insurer would pay back whatever it takes to replace their lost property. This does not have to be proper if the property is assured with the ACV or Actual Cash Value option. In the event that the basis of insurance is RC or Replacement Cost then the insurer will pay whatever it will involve to restore the damaged property. In the Actual Cash Value way
