Actual Cash Value (Auto)
Auto Insurance Glossary Topic.The amount of money that a vehicle is worth at any given time. It is calculated by subtracting wear and tear costs from the original cost of the vehicle. Also known as a vehicle’s market value.
The amount of money that a vehicle is worth at any given time. It is calculated by subtracting wear and tear costs from the original cost of the vehicle. Also known as a vehicle’s market value.