Common use of Actual Cash Value Clause in Contracts

Actual Cash Value. The Actual Cash Value will take into account such things as the cost of replacement less any depreciation, and in determining depreciation we will consider the condition immediately before the damage, the resale value and the normal life expectancy.

Actual Cash Value. The Actual Cash Value will take into account such things as the cost of replacement “replacement” less any depreciation, and in determining depreciation we will consider the condition immediately before the damage, use of the property, the resale value and the normal life expectancy.

Actual Cash Value. The Actual Cash Value will take into account such things as the cost of repairs or replacement less any depreciation, and in determining depreciation we will consider the condition immediately before the damageoccurrence, the resale value and the normal life expectancy.