Actual Cash Value (ACV)- The value of your property at the time of a loss or damage. ACV may be determined as the replacement cost minus depreciation.
See Other Home Insurance Terms:
DISCLAIMER: The information provided above is intended to be a guide to understanding common homeowners insurance terms. HomeInsurance.com does not intend this information to be official or legally binding. HomeInsurance.com uses this list as a basic guide to understanding these terms and should not be considered complete or definitive.
