The appraiser looks at what the home is worth today and how the neighborhood may affect future property value. (mortgage-x.com)
On the flip side, actual cash value renters insurance — the basic version of renters insurance — covers only what the item is worth today. (policygenius.com)
If you only have actual cash value coverage, you'll just get what those things are worth today after depreciation. (effectivecoverage.com)