Actual Cash Value

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

• Depreciation
• Totaled
• Constructive Total Loss
• Actual Cash Value

Similar FAQs

• What happens after I file a claim?