Actual cash value

2 topics · 2 sources

Auto Insurance

An amount equivalent to the replacement cost of lost or damaged property at the time of the loss, less depreciation.

North Dakota Insurance Department — Auto Insurance Glossary retrieved 2014-05-19

An amount equivalent to the replacement cost of lost or damaged property at the time of the loss, less depreciation.

North Dakota Insurance Department — Homeowners Insurance Glossary retrieved 2014-05-16