5 02, 2021

ACV (Actual Cash Value) in Car Insurance

2023-04-24T10:25:08+00:00February 5, 2021|Insurance|0 Comments

| ByWinsurtech

Actual cash value means replacement cost less depreciation. An insurance company determines the worth of the car after accounting for the depreciation and what we get is Actual Cash Value (ACV). This is the amount of money your insurance company will pay out if it [...]

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