The insurance settlement and payment is based upon your policy provisions, terms and coverage. The ACV represents Actual Cash Value. Your first insurance check is paid based on the ACV. This is usually determined by the age of your roof and the current worth of your roof today. The RCV represents Recoverable Cash Value. This is the amount paid upon the completion of all repairs. If all repairs are completed, you will be paid the additional RCV. This breakdown of your estimate can be confusing. Once all repairs are completed, there is no out-of-pocket expense incurred by you, except for your insurance deductible.