TroubleshootingGlossary

Glossary

The terms on every screen, in plain language.

In this article

Kevin is used by insurance adjusters and by estate-sale professionals, and each group arrives fluent in half of this vocabulary. Here is all of it.

Valuation

Term	Means
RCV	Replacement cost value — what it costs to buy the item new today. Always a new-replacement price in Kevin, never a used listing.
ACV	Actual cash value — replacement cost less depreciation. What the item is worth in its current condition.
Unit cost	Replacement cost for one of the item.
Extended cost	Unit cost times quantity.
FMV	Fair market value — what an item would fetch resold. Used in estate sale mode instead of RCV.
LKQ	Like kind and quality — pricing the nearest equivalent still sold new when the exact model is discontinued.

Term	Means
Depreciation	The value lost to age and wear, as a percentage and a dollar figure.
Straight-line	Age divided by useful life. Kevin’s default method.
Bracketed	A percentage looked up by class and age band rather than calculated.
Useful life	How many years an item of that class is expected to last. Internal to the math, never an export column.
Salvage floor	The cap that stops something old depreciating to nothing.

Term	Means
Personal property limit	The cap on contents coverage. Named Coverage C, Coverage B, Contents, or Personal Property depending on the policy.
Special limits	Categories a policy caps regardless of value — usually jewelry, firearms, fine arts, and furs.
Declarations page	The policy summary that names the coverage and states the limit.

Term	Means
Content class	The category an item belongs to. Drives the depreciation math and the export category code.
Photo set	Several photographs of the same object, grouped so they produce one line item.
Comp	A comparable listing Kevin found, with a price and a dated link.
Proof link	The link to the comp a price came from. Prints on the export.
Unpriced	An item Kevin declined to price. The cell is blank and editable.
Manual	A row whose price you typed rather than took from a comp.
XactContents	The contents module of Xactimate. Imports the spreadsheet Kevin produces.

Term	Means
Condition grade	Your assessment of the object, from excellent to poor. Set by you, not calculated.
Status	Where an item ended up: for sale, sold, keep, or donate.
Realized	What items actually sold for, against the fair market estimate.

Still stuck? Email kevin@kevin.co — it goes straight to a person who has settled claims.