Home / Insurance Glossary / Actual Cash Value (ACV)
Insurance Glossary
Actual Cash Value (ACV)
Definition
Replacement cost of property minus depreciation. The insurer pays what an item is worth today, not what it costs new. Compare Replacement Cost.
Related terms
Replacement CostProperty InsuranceBusiness Interruption (BI)Contingent Business Interruption (CBI)Coinsurance
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