Actual Cash Valuation (ACV) Clause for Property Insurance

Understanding the Actual Cash Valuation (ACV) Clause in Property Insurance

Prev Question Next Question

If your property Insurance has Actual Cash Valuation (ACV) clause, your damaged property will be compensated based on:

A. Value of item on the date of loss

B. Replacement with a new item for the old one regardless of condition of lost item

C. Value of item one month before the loss

D. Value of item on the date of loss plus 10 percent.

Click on the arrows to vote for the correct answer

A. B. C. D.

Prev Question Next Question