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Actual Cash Value (ACV)
What your damaged property was worth right before the loss — after depreciation.
What it actually means
ACV policies pay out the depreciated value of your property, not what it costs to replace it new. A five-year-old roof is worth less than a new one, and an ACV policy pays accordingly — which can leave a real gap between your payout and your rebuilding cost.
Example: A 10-year-old $3,000 roof might have an ACV payout closer to $1,500 after depreciation.
See it in context
Run the free Insurance Coverage Blueprint to see how actual cash value (acv) and terms like it apply to your specific situation — no signup required.