Actual Cash Value (ACV)

Definition

Actual Cash Value (ACV) refers to an important aspect of an insurance policy.

Why It Matters

Understanding Actual Cash Value (ACV) helps you make informed decisions about your insurance coverage and potential costs.

Local Relevance

For homeowners in galveston, tx, hurricane, windstorm, and saltwater corrosion risks make this term especially relevant.

Example

For example, if you experience a covered loss, knowing how actual cash value (acv) applies can make filing a claim easier.