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Actual Cash Value Definition

Actual Cash Value is the current value of the property during the loss or damage. It is determined by deducting depreciation from replacement cost.

Home Insurance Articles

• Total Loss
• Total Annual Loan Cost
• Adhesion Insurance Contract
• Additional Living Expense Loss
• Ad Valorem
• Accelerated Depreciation
• Replacement Cost
• Peril
• Non Recourse Mortgage
• Named Perils

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• Home Insurance Definitions
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