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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.

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Other users searching for also searched for some of the following glossary words, FAQs and Risk Alerts.

Glossary Words

Depreciation
Totaled
Constructive Total Loss
Loan/Lease (Gap) Coverage

FAQs

What happens after I file a claim?

Risk Alerts

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