Actual Cash Value versus Replacement Cost Coverage The following table gives a partial list of David's significant property (that is, although only the first three items are listed within each category, the totals at the bottom of the table include the prices of unlisted property items). Purchase Replacement Cost Item Price ACV Furniture $700 Couch set Outdoor lawn furniture Dining room table and chairs $2,800 2,500 1,250 $3,080 3,000 960 800 400 Appliances TV 600 300 720 DVD player 100 60 120 Sound system 800 320 960 9,000 Furnishings Antique rugs Sculptures Throw blankets and pillows 2,700 9,600 180 10,800 9,600 8,000 300 360 TOTAL: $37,350 $24,278 $44,820 David has a $59,000 HO-1 form insurance policy. No additional endorsements or floaters have been added to the policy. Therefore, the actual cash value (ACV) of his property covered under this policy and the replacement cost of his property covered. One of his more valuable items is a shotgun he uses for duck hunting. He purchased the shotgun 4 years ago for $1,770, and its total life expectancy is 10 years. The actual cash value (ACV) of the shotgun is Actual Cash Value versus Replacement Cost Coverage The following table gives a partial list of David's significant property (that is, although only the first three items are listed within each category, the totals at the bottom of the table include the prices of unlisted property items). Purchase Replacement Cost Item Price ACV Furniture $700 Couch set Outdoor lawn furniture Dining room table and chairs $2,800 2,500 1,250 $3,080 3,000 960 800 400 Appliances TV 600 300 720 DVD player 100 60 120 Sound system 800 320 960 9,000 Furnishings Antique rugs Sculptures Throw blankets and pillows 2,700 9,600 180 10,800 9,600 8,000 300 360 TOTAL: $37,350 $24,278 $44,820 David has a $59,000 HO-1 form insurance policy. No additional endorsements or floaters have been added to the policy. Therefore, the actual cash value (ACV) of his property covered under this policy and the replacement cost of his property covered. One of his more valuable items is a shotgun he uses for duck hunting. He purchased the shotgun 4 years ago for $1,770, and its total life expectancy is 10 years. The actual cash value (ACV) of the shotgun is