单词	actual cash value
释义	actual cash value noun : money equal to the cost of replacing lost, stolen, or damaged property after depreciation Example Sentences Recent Examples on the Web The actual cash value of your 10-year-old roof, for example, is worth a lot less than a new one. Globe Staff, BostonGlobe.com, 27 May 2022 Consider a homeowners insurance policy that covers replacement cost instead of actual cash value. Ashley Kilroy, Robb Report, 3 Oct. 2021 Some insurance companies give you a choice between actual cash value coverage and replacement cost coverage. Ashley Kilroy, Robb Report, 5 Nov. 2021 With actual cash value, your insurer will only reimburse you for the value of possessions minus depreciation. Ashley Kilroy, Robb Report, 3 Oct. 2021 Additionally, the auto rental collision damage insurance on the Chase Sapphire Preferred is primary coverage, but will only cover you for up to the actual cash value of the rental car. Jennifer Yellin, CNN Underscored, 24 Dec. 2020 These same insurance companies will only write actual cash value policies for homes with roofs over 15 years old. Reuben Saltzman, Star Tribune, 8 Sep. 2020 Homeowners insurance companies regularly send out notices to their clients with roofs over 15 years old, switching them from replacement cost to actual cash value for their roof. Reuben Saltzman, Star Tribune, 8 Sep. 2020 There are two basic types of coverage for contents: replacement cost and actual cash value. sandiegouniontribune.com, 8 July 2018 See More Word History First Known Use 1922, in the meaning defined above Legal Definition actual cash value noun 1 : the cost of replacing or repairing damaged property less any applicable depreciation 2 : fair market value
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