What is ACV, Actual Cash Value?
Have you ever had to experience an insurance claim? If so, you may have felt a little confused by all of the terms and abbreviations that you will find on insurance claim paperwork. Words like: deductible, RCV, ACV, depreciation, overhead and profit, and PWI are just a few of these terms. In today’s article, I want to explain one of the most common abbreviations: ACV. This article is not intended to sway your opinion or be any kind of framework for you to purchase coverage for your home. We always recommend you consult with your insurance agent for that. This…
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