Expert Advice for Actual Cash Value
All Articles on Actual Cash Value
What Does Actual Cash Value Coverage Mean on Insurance?
Insurance companies use actual cash value to determine the amount they will pay you on a claim. Here's what you need to know about it.
Nov 24, 2020
Actual Cash Value vs. Replacement Cost: What's the Difference?
If you own valuable items, not knowing the difference between actual cash value and replacement cost could cost you a lot of money.
Nov 09, 2020
How to Calculate Actual Cash Value (ACV)
Car insurance claim adjusters may not offer you enough if you’re being offered actual cash value for your car, not what you paid or owe.
May 04, 2021
All Questions on Actual Cash Value
How is the actual cash value of your vehicle determined?
If my car is a total loss, how does my car insurance calculate the value of my vehicle?
Sep 10, 2021
Why does a dealership drop the price of a car if I finance with them?
I want to finance a car for $12,000 through the dealer because they said if I finance with someone else that the price jumps to $16,000. They're prepared to offer me a 60-month, 8.99% loan, as my credit is mediocre. How can dealers justify this price drop only if I finance with them?
Jul 30, 2021
Why am I getting such drastically different quotes for the same manufactured home?
The coverage limits look the same to me; why would rates be so different? My manufactured home will be completed in a few days and I am shopping for the right kind of homeowner's policy. I have quotes from both Allstate and State Farm, and State Farm is drastically lower.
Jul 26, 2021
How will USAA value my Ford Mustang after an accident?
How will USAA evaluate my Mustang after an accident? I was at fault in an accident but I have collision insurance. This car has been my baby since I bought it and I want to repair it if possible, but I don't want to pay for it out of pocket.
Jul 16, 2021
When is a good time to lower the coverage on my auto policy?
When is a good time to lower my coverage limits? My vehicle is a 2015 Jeep Compass and my policy limits are 100/300/50. I have had the same coverage on this policy since the day I bought the Jeep six years ago.
Jul 06, 2021