Actual Cash Value (ACV) (ACV)
Auto Insurance
The value of your property, based on the current cost to replace it minus depreciation.
- — Glossary of Common Auto Insurance Terms retrieved 2014-05-19
The market value of your car.
- — Glossary of Auto Insurance Terms retrieved 2014-05-19
Flood Insurance
The cost to replace an insured item of property at the time of loss, less the value of physical depreciation.
- — National Flood Insurance Glossary retrieved 2014-05-16
Homeowners Insurance
The value of your property, based on the current cost to replace it minus depreciation. Also see “replacement cost.”
- — Glossary of Common Homeowners Insurance Terms retrieved 2014-05-16
Replacement cost less depreciation, considering the age and condition of your property.
- — Glossary of Homeowner Insurance Terms retrieved 2014-05-16