Can I upgrade and still collect hold back providing I spend an equal or greater than RCV?

The answer to your question depends on the specific terms of your insurance policy. Here are some important things to consider:

• Holdback: Holdback is a common practice in the insurance industry where the insurance company withholds a portion of the payment for a claim until the repairs or replacement of damaged property are complete. This ensures that the policyholder actually uses the money to repair or replace the damaged property.
• Upgrade coverage: If you want to upgrade your damaged property to a higher quality or more expensive option than what was originally damaged, you may be able to do so as long as you pay the difference in cost between the original property and the upgraded option. However, whether or not you will still be able to collect holdback depends on the specific terms of your policy.
• Replacement Cost Value (RCV): RCV is the total amount of money it would cost to replace your damaged property with a similar item of equal quality. If you spend an equal or greater amount than the RCV, you may be able to collect holdback if your insurance policy allows it.
• Policy language: The language in your insurance policy will outline the specific terms and conditions for holdback and upgrading coverage. It's important to review your policy carefully and speak with your insurance agent to determine the best course of action.

Overall, while it may be possible to upgrade your damaged property and still collect holdback as long as you spend an equal or greater amount than the RCV, it ultimately depends on the specific terms of your insurance policy. Be sure to review your policy carefully and speak with your insurance agent to fully understand your options.