If your property Insurance has Actual Cash Valuation (ACV) clause, your damaged property will be compensated based on:
Posted: Thu Aug 18, 2022 8:15 am
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
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