How is your roof covered on your home insurance policy? Many insurance companies are changing the way that they pay out claims for your roof. If you see ACV on your home insurance declaration page, this means that your roof is covered for Actual Cash Value. This means that if your roof is damaged from a wind or hail claim, you will not be able to replace your roof. Your insurance claim will be settled on an depreciated value for what the insurance company deems that your roof is worth. This could cost you thousands of dollars out of your own pocket.