Common use of Actual Cash Value Clause in Contracts

Actual Cash Value. We will pay the actual cash value. The actual cash value will take into account the cost to repair or replace, whichever is lower, at the date of the occurrence, using property of like kind and quality, less any depreciation. In determining depreciation we will consider, among other factors, the condition of the property before the occurrence, its resale value and its life expectancy.

Actual Cash Value. We will pay the actual cash value. The actual cash value will take into account the cost to repair or replace, whichever is lower, at the date of the occurrence, using property of like kind and quality, less any depreciation. In determining depreciation we will consider, among other factors, the condition of the property before the occurrence, its resale value and its life expectancy.. 10 SECTION I – PROPERTY COVERAGES – hOmEOwNER

Actual Cash Value. We will pay the actual cash value. The actual cash value will take into account the cost to repair or to replace, whichever is lower, at the date of the occurrence, using property materials of like kind and qualitysimilar quality as the materials in place prior to the occurrence, less any depreciation. In determining depreciation we will consider, among other factors, the condition of the property before the occurrence, its resale value and its life expectancy. .

Actual Cash Value. We will pay the actual cash value. The actual cash value will take into account the cost to repair or to replace, whichever is lower, at the date of the occurrence, using property of like kind and quality, less any depreciation. In determining depreciation we will consider, among other factors, the condition of the property before the occurrence, its resale value and its life expectancy.