Cost of replacing a property with another of the same kind and in similar condition. Calculated as the replacement cost less depreciation.

Cost of replacing damaged or destroyed property with comparable new property, minus depreciation and obsolescence. For example, a 10-year-old sofa will not be replaced at current full value because of [..]

In property and auto physical damage insurance, one of several possible methods of establishing the value of insured property to determine the amount the insurer will pay in the event of loss. ACV i [..]

Money equal to the cost of replacing lost, stolen or damaged property after depreciation. A method of determining the worth of an improvement.

 The cost to replace property minus an allowance for the property's depreciation.

The amount it would cost to repair or replace an item with material of comparable kind and quality, less an allowance for deterioration or depreciation, including obsolescence.

1 : the cost of replacing or repairing damaged property less any applicable depreciation 2 : fair market value

Also referred to as "ACV." A method of valuing insured property that is computed by subtracting depreciation (based on the propertys age and condition) from its replacement cost. Compare &qu [..]

repayment value for indemnification due to loss or damage of property; in most cases it is replacement cost minus depreciation

The ACV is the wholesale value of a vehicle.

Actual cash value is the replacement cost minus depreciation of a specific item of personal property. It's essentially the value for which the item could be sold, which is often less than what it [..]

Actual Cash Value or ACV is the cost to replace an item at the time of loss after subtracting the depreciation. In other words it is the fair or reasonable price that can be obtained for any item or p [..]

"Actual Cash Value" is the replacement cost of property damaged or destroyed at the time of loss, with deduction for depreciation. Actual cash value cannot exceed the applicable limit of liability shown in the declarations of the policy, nor the amount it would cost to repair or replace such property with material of like kind and [..]

The fair market value of property; technically, replacement cost less depreciation.

The value of property immediately before loss taking into account its "used" condition, wear & tear, etc.; usually considered the "depreciated value, although "market value" and obsolescence may sometimes also be taken into account.

Replacement cost of property lost. If your vehicle were stolen, totaled in an accident, or otherwise rendered a loss, the Actual Cash Value is equal to the cost for a similar vehicle at current market [..]

Fair market value of an item at the time it was damaged, stolen or destroyed. After a loss, your company will review the condition of your car's body, interior, tires, and additional equipment. Based on the pre-accident condition of the car, a claim adjuster locates similar models for sale in your area, and uses those prices to determine the A [..]

In the context of automobile insurance claims, actual cash value is a method of valuing your vehicle or that of another driver. If your car needs to be repaired after a car accident, its actual cash v [..]

 The fair market value of property; technically, replacement cost less depreciation.

The value of your vehicle. This is what’s used to decide if your car is worth repairing or will be scrapped as a total loss. It’s based on the cost to replace your vehicle, minus depreciation.

Most auto insurance coverage only reimburses you for the actual cash value of your car. This is the value of the vehicle at the time it was damaged, stolen or destroyed. After a loss, your company will review the condition of your car's body, interior, tires, and additional equipment. Based on the pre-accident condition of the car, a claim adj [..]

A fair market estimation of the cash value of a piece of property

An amount equivalent to the replacement cost of a stolen or damaged property at the time of the loss, less depreciation. For vehicles, this amount would be determined by a local area private party sales and dealer quotations. Kelly Blue Book would only be used as a guide and not the final word.

Actual cash value is the resulting value arrived at after depreciation and replacement value have been deducted from the original cost. It is commonly used by the insurance industry.

Cost to repair or replace damaged property with materials of like kind and quality, less depreciation

The current or fair market value of the property at the time of loss.

This is the cost to replace your vehicle minus depreciation.  Mileage, age, and vehicle condition are the 3 biggest drivers of depreciation and cause the ACV of your car to diminish over time.  Insura [..]

The replacement cost of property damaged or destroyed at the time of loss, with deduction for depreciation. Actual Cash Value cannot exceed the applicable liability limits shown in the declarations of [..]

A form of insurance that pays damages equal to the replacement value of damaged property minus depreciation. (See   Replacement cost)

The actual value of the subject matter at the time of loss. This is the cost to replace the merchandise less depreciation.

The net market value of property, taking into account replacement cost, depreciation and obsolescence. The amount of depreciation depends on the condition of the property immediately before the damage [..]

The cost to replace damaged or lost property with comparable or like property, minus depreciation.

Cost of replacing damaged or destroyed property with comparable new property, minus depreciation and obsolescence. For example, a 10-year-old sofa will not be replaced at current full value because of a decade of depreciation.

The replacement cost of property minus depreciation. Actual cash value can also be determined by market value, if any.

The fair market value of property at a given time, measured in cash. ACV is determined by deducting an amount for depreciation (caused by physical wear and tear and/or obsolescence) from the replaceme [..]

is the lessor of (1) the replacement cost of the motorcycle or the property less the depreciation and/or betterment and (2) the purchase price

Actual cash value is determined by calculating the cost of repairing or replacing damaged property, less depreciation and the effects of wear and tear over time. If an item is damaged beyond repair, actual cash value reflects the market value of the item before the damage took place, less depreciation and the effects of wear and tear over time.

The sum of money required to pay for damages or lost property, computed on the basis of replacement value less its depreciation by obsolescence or general wear.

the amount of reimbursement based on the current market value of an item, allowing for depreciation

Actual Cash Value defines the repayment value of the car due to loss or damage to the car. The cost is calculated after subtracting the depreciation.

Actual cash value refers to the value of the property before any loss or damage.

A vehicle's actual cash value, also called the market value, is essentially the price someone would pay to purchase that exact vehicle today. It's determined by evaluating a number of factor [..]

Also referred to as ACV. The fair market value of property calculated using replacement cost less depreciation. 

Replacement cost of damaged or lost property less depreciation.

An amount equal to the current replacement cost of the lost or damaged property at the time of the loss, reduced by an allowance for depreciation, wear and obsolescence.

The fair or reasonable cash price property would bring in a fair market, allowing for depreciation.

Cost to repair or replace damaged property with materials of like kind and quality, less depreciation

Cost to repair or replace damaged property with materials of like kind and quality, less depreciation

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

An amount equivalent to the fair market value of the stolen or damaged property immediately preceding the loss. For real property, this amount can be based on a determination of the fair market value [..]

This is the fair market value amount used to replace insured property that has been damaged or destroyed, minus depreciation. For vehicles, the amount can be established by referring to a dealer quota [..]

The current cost of replacing an article with a similar one in the same condition. Any item has three basic values: original cost, actual cash value, and replacement value. For example, if you origina [..]

The present-day value of property measured in cash, arrived at by taking the replacement cost and deducting for depreciation brought about by physical wear and tear and obsolescence.

A form of insurance that pays damages equal to the replacement value of damaged property minus depreciation.

The present-day value of property measured in cash, arrived at by taking the replacement cost and deducting for depreciation brought about by physical wear and tear and obsolescence.

The present-day value of property measured in cash, arrived at by taking the replacement cost and deducting for depreciation brought about by physical wear and tear and obsolescence.

The current cost of replacing an article with a similar one in the same condition. Any item has three basic values: original cost, actual cash value, and replacement value. For example, if you origina [..]

The present-day value of property measured in cash, arrived at by taking the replacement cost and deducting for depreciation brought about by physical wear and tear and obsolescence.

An amount equivalent to the fair market value of the stolen or damaged property immediately preceding the loss. For real property, this amount can be based on a determination of the fair market value [..]

The cost of replacing or restoring property at prices prevailing at the time and place of the loss, less depreciation, however caused. Another definition: the sum of money required to replace property [..]

You’ll see this term a lot in auto insurance policies or if you ever have to file an auto insurance claim. That’s because most auto insurance coverage reimburses you only for the actual cash value of your car. Your car’s actual cash value is calculated by determining its original value, minus the amount your car has depreciated since you bought it. [..]

The value of property immediately before loss taking into account its "used" condition, wear & tear, etc.; usually considered the "depreciated value, although "market value" and obsolescence may sometimes also be taken into account.

The present-day value of property measured in cash, arrived at by taking the replacement cost and deducting for depreciation brought about by physical wear and tear and obsolescence.

The present-day value of property measured in cash, arrived at by taking the replacement cost and deducting for depreciation brought about by physical wear and tear and obsolescence.

There are six primary facets of an auto policy. Some coverage’s are required by law. These coverage’s are:

A form of insurance that pays damages equal to the replacement value of damaged property minus depreciation. (See Replacement cost )

The current cost of replacing an article with a similar one in the same condition. Any item has three basic values: original cost, actual cash value, and replacement value. For example, if you origina [..]

The current value of an item of property. It is the amount it would cost to replace an item, minus depreciation.

The present-day value of property measured in cash, arrived at by taking the replacement cost and deducting for depreciation brought about by physical wear and tear and obsolescence.

The present-day value of property measured in cash, arrived at by taking the replacement cost and deducting for depreciation brought about by physical wear and tear and obsolescence.

The present-day value of property measured in cash, arrived at by taking the replacement cost and deducting for depreciation brought about by physical wear and tear and obsolescence.

The present-day value of property measured in cash, arrived at by taking the replacement cost and deducting for depreciation brought about by physical wear and tear and obsolescence.

The present-day value of property measured in cash, arrived at by taking the replacement cost and deducting for depreciation brought about by physical wear and tear and obsolescence.

The present-day value of property measured in cash, arrived at by taking the replacement cost and deducting for depreciation brought about by physical wear and tear and obsolescence.

The present-day value of property measured in cash, arrived at by taking the replacement cost and deducting for depreciation brought about by physical wear and tear and obsolescence.

The present-day value of property measured in cash, arrived at by taking the replacement cost and deducting for depreciation brought about by physical wear and tear and obsolescence.

A form of insurance that pays damages equal to the replacement value of damaged property minus depreciation.

The present-day value of property measured in cash, arrived at by taking the replacement cost and deducting for depreciation brought about by physical wear and tear and obsolescence.

The present-day value of property measured in cash, arrived at by taking the replacement cost and deducting for depreciation brought about by physical wear and tear and obsolescence.

The present-day value of property measured in cash, arrived at by taking the replacement cost and deducting for depreciation brought about by physical wear and tear and obsolescence.

The present-day value of property measured in cash, arrived at by taking the replacement cost and deducting for depreciation brought about by physical wear and tear and obsolescence.

The present-day value of property measured in cash, arrived at by taking the replacement cost and deducting for depreciation brought about by physical wear and tear and obsolescence.

The present-day value of property measured in cash, arrived at by taking the replacement cost and deducting for depreciation brought about by physical wear and tear and obsolescence.

The present-day value of property measured in cash, arrived at by taking the replacement cost and deducting for depreciation brought about by physical wear and tear and obsolescence.

The present-day value of property measured in cash, arrived at by taking the replacement cost and deducting for depreciation brought about by physical wear and tear and obsolescence.

The present-day value of property measured in cash, arrived at by taking the replacement cost and deducting for depreciation brought about by physical wear and tear and obsolescence.

The present-day value of property measured in cash, arrived at by taking the replacement cost and deducting for depreciation brought about by physical wear and tear and obsolescence.

The present-day value of property measured in cash, arrived at by taking the replacement cost and deducting for depreciation brought about by physical wear and tear and obsolescence.

The present-day value of property measured in cash, arrived at by taking the replacement cost and deducting for depreciation brought about by physical wear and tear and obsolescence.

The present-day value of property measured in cash, arrived at by taking the replacement cost and deducting for depreciation brought about by physical wear and tear and obsolescence.

The present-day value of property measured in cash, arrived at by taking the replacement cost and deducting for depreciation brought about by physical wear and tear and obsolescence.

The present-day value of property measured in cash, arrived at by taking the replacement cost and deducting for depreciation brought about by physical wear and tear and obsolescence.

The present-day value of property measured in cash, arrived at by taking the replacement cost and deducting for depreciation brought about by physical wear and tear and obsolescence.

The present-day value of property measured in cash, arrived at by taking the replacement cost and deducting for depreciation brought about by physical wear and tear and obsolescence.

The present-day value of property measured in cash, arrived at by taking the replacement cost and deducting for depreciation brought about by physical wear and tear and obsolescence.

Property insurance valuation method. The replacement cost of property damaged or destroyed at the time of loss, less depreciation.

The present-day value of property measured in cash, arrived at by taking the replacement cost and deducting for depreciation brought about by physical wear and tear and obsolescence.

The current market value of lost or damaged property at the time of a covered loss. For example, the value of a three-year-old car is based on the value of similar three-year-old cars selling on a used car lot. In a home insurance policy, actual cash value is the replacement cost of the property, less depreciation.

An amount equal to the replacement cost of lost or damaged property at the time of loss, less depreciation. With regard to buildings, there is a tendency for the ACV to closely parallel the market val [..]

The actual or current value at the time of the loss. Actual cash value takes depreciation into consideration.

The replacement cost of property damaged or destroyed at the time of loss, with deduction for depreciation. Actual cash value cannot exceed the applicable limit of liability shown in the declarations [..]

A form of insurance that pays damages equal to the replacement value of damaged property minus depreciation.

The purchase price of an item, less depreciation of the item's value since you bought it.

means purchase price less depreciation.

An amount equivalent to the fair market value of the stolen or damaged property immediately preceding the loss. For real property, this amount can be based on a determination of the fair market value of the property before and after the loss. For vehicles, this amount can be determined by local area private party sales and dealer quotations for com [..]

A form of insurance that pays damages equal to the replacement value of damaged property minus depreciation.

The fair market value of property taking into account factors that might augment or reduce the value of the property in question.

An insurance term defined as either market value or replacement cost less depreciation (depending on your jurisdiction). Depreciation, in this instance, typically refers to an incremental reduction in value based on age/life formulas commonly in use within the insurance industry. Actual cash value is usually established by the adjuster based on the [..]

An amount equivalent to the fair market value of the stolen or damaged property immediately preceding the loss. For real property, this amount can be based on a determination of the fair market value [..]

Cost of replacing a property with another of the same kind and in similar condition. Calculated as the replacement cost less depreciation.

In the property and casualty insurance industry, Actual Cash Value (ACV) is a method of valuing insured property, or the value computed by that method. Actual Cash Value (ACV) is not equal to replacem [..]

The value of your property, based on the current cost to replace it minus depreciation. Also see "replacement cost."

Your car's actual cash value (also known as its ACV) is calculated by determining its original value minus the amount your car has depreciated since you bought it. If your car is totalled, most car insurance coverages reimburse you only for the actual cash value of your car.

(ACV) For property insurance, the market value of your home before and after your loss.