However, if your partial loss is valued at Actual Cash Value there is going to be depreciation taken out among other things... watch the video to learn more. (murraygrp.com)
After a fire, the benefits of replacement cost insurance will prove more valuable than the compensation you receive for actual cash value coverage. (rentersinsurance.net)
Actual cash reimbursement means you will receive a pay out for how much the item or items were worth at the time they were damaged. (rentersinsurance.net)