Actual Cash Value versus Replacement Cost Coverage The following table gives a partial list of Ralph's significant property (that is, although only the first listed within each category, the totals at the bottom of the table indlude the prices of unlisted property items) Replacement Cost Purchase Price Item ACV Furniture Couch set Outdoor lawn furniture $3,500 3,125 1,000 $3,850 3,750 1,200 $875 1,563 500 Dining room table and chairs Appliances TV DVD player Sound system 900 150 1,200 750 125 1,000 375 75 400 Furnishings Antique rugs Sculptures Throw blankets and pillows 3,375 12,000 225 11,250 10,000 375 13,500 12,000 450 $46,688 $30,347 TOTAL: $56,026 HO-1 form insurance policy. No additional endorsements or floaters have been added to the Ralph has a $53,000 policy. Therefore, the actual cash value (ACV) of his property replacement cost of his property x covered under this policy and the x covered. Explanation Open One of his more valuable items is a camera he uses for his hobby as a photographer. He purchased the years ago for $3,650, and the total life expectancy is 10 years. The camera he uses for his hobby as a photographer would cost $4,000 if it was purchased today. camera 2 The actual cash value (ACV) of the camera isX Explanation: Open Actual Cash Value versus Replacement Cost Coverage The following table gives a partial list of Ralph's significant property (that is, although only the first listed within each category, the totals at the bottom of the table indlude the prices of unlisted property items) Replacement Cost Purchase Price Item ACV Furniture Couch set Outdoor lawn furniture $3,500 3,125 1,000 $3,850 3,750 1,200 $875 1,563 500 Dining room table and chairs Appliances TV DVD player Sound system 900 150 1,200 750 125 1,000 375 75 400 Furnishings Antique rugs Sculptures Throw blankets and pillows 3,375 12,000 225 11,250 10,000 375 13,500 12,000 450 $46,688 $30,347 TOTAL: $56,026 HO-1 form insurance policy. No additional endorsements or floaters have been added to the Ralph has a $53,000 policy. Therefore, the actual cash value (ACV) of his property replacement cost of his property x covered under this policy and the x covered. Explanation Open One of his more valuable items is a camera he uses for his hobby as a photographer. He purchased the years ago for $3,650, and the total life expectancy is 10 years. The camera he uses for his hobby as a photographer would cost $4,000 if it was purchased today. camera 2 The actual cash value (ACV) of the camera isX Explanation: Open