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Glossary
ACTUAL CASH VALUE (ACV)

ACTUAL CASH VALUE (ACV)

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Definition

Claim settlement basis that pays the depreciated value of damaged property (replacement cost minus depreciation).

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Disclaimer: The following education provides bespoke learning and education; however, it does not constitute legal, investment, estate planning, or tax advice, rather, the opinions and ideas expressed herein are those of Tamarind Learning, including outside experts and contributors. The content provided herein is for the sole use of the client learner for education and illustration purposes ONLY and is not intended to be comprehensive or utilized without consultation of the family's advisors and staff. For specific guidance pertaining to individual family members, advice should be sought from the family member's staff and outside key advisors.

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