Recent Examples of actual cash value from the Web
The actual cash value is the replacement cost value, less depreciation for physical wear and tear.
Personal property is always adjusted at the actual cash value.
Policies pay out to policyholders based on either the replacement cost value or the actual cash value.
The company issued initial payments immediately after the storm to policyholders whose losses exceeded their hurricane deductibles, the release said, adding those initial payments were based on the actual cash value of damages caused by the storm.
The insurance company had set that value even before seeking an independent assessment of the building’s actual cash value, the counterclaim said.
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Britannica.com: Encyclopedia article about actual cash value
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