Actual Cash Value
Actual Cash Value (Glossary Word)
A calculation of value that pays damages equal to the replacement value of damaged property minus depreciation. Depreciation includes diminishment in value due to time and wear.
Other users also searched for some of the following glossary words and FAQs.
Similar Glossary Words
Similar FAQs
How much would it cost to replace your home's contents? Do you need to customize your insurance to protect valuable items? Find out with our wizard. 