How to Use actual cash value in a Sentence

actual cash value

noun

• 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
• The actual cash value option could work better for items such as fine jewelry and art that can gain value over time.
  — Swapna Venugopal Ramaswamy, USA TODAY, 28 Mar. 2023
• If so, your insurance will pay you the actual cash value of the vehicle minus your deductible.
  — Steven Glass, Car and Driver, 9 June 2023
• If the adjuster concludes that the car is totaled, your payout will be calculated based on your car’s actual cash value (ACV).
  — Elizabeth Rivelli, Car and Driver, 13 Mar. 2023
• Be sure the policy covers the replacement value, not the actual cash value.
  — Tara Siegel Bernard, New York Times, 14 June 2023
• Does your insurance cover 'replacement cost' or 'actual cash value' Read the fine print and know the difference.
  — Swapna Venugopal Ramaswamy, USA TODAY, 28 Mar. 2023
• 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
• There are two basic types of coverage for contents: replacement cost and actual cash value.
  — sandiegouniontribune.com, 8 July 2018
• Policies pay out to policyholders based on either the replacement cost value or the actual cash value.
  — Staff Report, Houston Chronicle, 23 May 2018
• In general, car GAP insurance helps any driver who is upside down on an auto loan or anyone who owes more than a vehicle's actual cash value.
  — Idalia Garcia, Car and Driver, 6 July 2023
• Paying for full auto insurance coverage on an older vehicle may not be the best use of your money, especially if the actual cash value of the car is less than the cost to insure the vehicle.
  — Kaitlyn Koterbski, Fortune, 14 Nov. 2022
• The actual cash value is the replacement cost value, less depreciation for physical wear and tear.
  — Staff Report, Houston Chronicle, 23 May 2018
• With actual cash value, your insurance company won’t fully reimburse you for a new item at prevailing prices.
  — Russ Wiles, The Arizona Republic, 10 Sep. 2023
• That is instead of actual cash value, which subtracts depreciation and is common with home and auto insurance.
  — Ben Luthi, wsj.com, 22 Nov. 2023
• With actual cash value coverage, depreciation is factored into the value of your boat if it’s damaged, destroyed or stolen.
  — Ashley Kilroy, Robb Report, 5 Nov. 2021
• 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
• Replacement cost pays for the full amount needed to replace an item, whereas actual cash value insurance estimates depreciation, or the loss of value over time, and pays only the difference.
  — Swapna Venugopal Ramaswamy, USA TODAY, 28 Mar. 2023
• 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
• Coverage limits: There is a limit to the repairs your insurer will cover in an accident, which is typically equal to the actual cash value of your car less depreciation and deductibles.
  — Kaitlyn Koterbski, Fortune, 10 Nov. 2022
• The insurance company had set that value even before seeking an independent assessment of the building’s actual cash value, the counterclaim said.
  — Mark Davis, kansascity, 1 Nov. 2017
• Some insurance companies give you a choice between actual cash value coverage and replacement cost coverage.
  — Ashley Kilroy, Robb Report, 5 Nov. 2021
• Personal property is always adjusted at the actual cash value.
  — Staff Report, Houston Chronicle, 23 May 2018
• The company issued initial payments immediately after the storm to policyholders whose losses exceeded their hurricane deductibles, the release said, adding those initial payments were based on the actual cash value of damages caused by the storm.
  — Ron Hurtibise, Sun-Sentinel.com, 29 Mar. 2018
• With actual cash value, your insurer will only reimburse you for the value of possessions minus depreciation.
  — Ashley Kilroy, Robb Report, 3 Oct. 2021
• Consider a homeowners insurance policy that covers replacement cost instead of actual cash value.
  — Ashley Kilroy, Robb Report, 3 Oct. 2021

Last Updated: 10 Nov 2024