Estimating & Workflow
Actual cash value
The value of damaged property after depreciation is deducted. A policy that pays actual cash value pays the old value of the item, not the cost of a brand-new replacement. Restoration work tends to be priced at replacement cost, and the gap between the two is often held back until the repair is finished and verified.
Common questions
What does "Actual cash value" mean in Xactimate estimating?
The value of damaged property after depreciation is deducted. A policy that pays actual cash value pays the old value of the item, not the cost of a brand-new replacement. Restoration work tends to be priced at replacement cost, and the gap between the two is often held back until the repair is finished and verified.
Where does "Actual cash value" show up in a claim?
The term matters on estimates and scopes across the insurance restoration workflow. Browse the glossary for related terms.
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