Common use of Actual Cash Value Clause in Contracts

Actual Cash Value. When Actual Cash Value is shown on the "declarations" for Coverage A -- Buildings or Coverage B -- Business Personal Property, Replacement Cost does not apply. The value of such property is based on its actual cash value at the time of the loss with a deduction for depreciation.

Actual Cash Value. When a. If Actual Cash Value is shown on the "declarations" for Coverage A -- Buildings or Coverage B -- Business Personal Property, Replacement Cost does not apply. The apply to such coverage and the value of such property is based on its actual cash value at the time of the loss with a deduction for depreciation.