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• The cost to replace an insured item of property at the time of loss, less the value of physical depreciation.

  Federal Emergency Management Agency (FEMA) - Cite This Source - This Definition
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  Cite Definition for Actual cash value (ACV)

  American Psychological Association (APA)

  Actual cash value (ACV). (n.d.). National Flood Insurance Glossary. Retrieved April 1, 2023, from website: http://www.expertglossary.com/definition/actual-cash-value-acv.

  Chicago Manual of Style (CMS)

  Actual cash value (ACV). National Flood Insurance Glossary. Federal Emergency Management Agency (FEMA). http://www.expertglossary.com/definition/actual-cash-value-acv (accessed: April 1, 2023).

  Modern Language Association (MLA)

  "Actual cash value (ACV)." National Flood Insurance Glossary. Federal Emergency Management Agency (FEMA). 1 April. 2023 http://www.expertglossary.com/definition/actual-cash-value-acv.

• Browse Related Terms: Actual cash value (ACV), Elevation Certificate, Federal Policy Fee, Grandfathering, Group Flood Insurance Policy (GFIP), Increased Cost of Compliance (ICC), policy, Post-FIRM Building, Pre-FIRM Building, Preferred Risk Policy (PRP), Probation Surcharge (Premium), Replacement Cost Value (RCV), Standard Flood Insurance Policy (SFIP), Submit-for-Rate, Waiting Period, Wave Height Adjustment, Write Your Own (WYO) Program

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