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Actual Cash Value — Insurance Glossary | AtlasBrokers
Glossary/Actual Cash Value

Actual Cash Value

The value of insured property at the time of loss, calculated as the replacement cost minus depreciation. ACV considers the age, condition, and useful life of the item. This method of valuation typically results in lower claim payouts compared to replacement cost.

Related Terms

DepreciationIndemnityReplacement Cost

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