Tag: actual cash value

Actual Cash Value v. Replacement Cost in Auto Insurance

We hope you never have to experience a total loss accident. But if it happens, do you know how your insurance company calculates how much your car is worth? There are two types of settlement options used by insurance companies

Posted in Automotive Tagged with: , , , , ,

Read This Before Buying California Homeowners Insurance

Most insurance topics are confusing to the average consumer. On some level, we know that having insurance to protect against certain risks is a good idea, but unanswered questions can sometimes result in making the wrong purchase. Here are some

Posted in Condo Insurance, Homeowners Insurance, Personal Property Tagged with: , , ,

Replacement Cost vs. Actual Cash Value

No matter what type of insurance you’re shopping for, you’ll notice some differences between insurance companies regarding reimbursement – particularly if a covered item is regarded as a total loss. We’re talking about replacement cost and actual cash value (ACV).

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