Handling the cost of replacement is a significant portion of what home insurance does. However, when considering a homeowners insurance policy, there are two ways your insurance company can cover your stuff: re
Part of the Series Complete Guide to Homeowners Insurance What Is Actual Cash Value? Actual cash value (ACV) is the amount equal to the replacement cost minus depreciation of a damaged or stolen property at the time of the loss. The actual value for which the property could be sold, ...