Actual Cash Value means purchase price less depreciation.
Actual Cash Value means current replacement cost for items of like kind and quality.
Actual Cash Value means the replacement cost of an insured item of property at the time of loss, less the value of Physical Depreciation as to the item damaged. As used in this definition, Physical Depreciation means a value as determined according to standard business practices.
Examples of Actual Cash Value in a sentence
Actual Cash Value will take into account the cost of replacement, less any depreciation or obsolescence.
In consideration of the reduced premium for this policy, all Personal Property losses will be settled on an Actual Cash Value basis and not on Replacement Cost terms.
More Definitions of Actual Cash Value
Actual Cash Value means current replacement cost for items of like kind and quality less depreciation.
Actual Cash Value means purchase price less depreciation. “Baggage” means luggage, travel documents, and personal possessions whether owned, borrowed, or rented, taken by the Insured on the Trip.
Actual Cash Value means the fair market value of the stolen or damaged property at the time of loss.
Actual Cash Value means various factors shall be considered in the determination of actual cash value. Such factors shall include but are not limited to replacement cost less any depreciation and market value. In determining depreciation consideration shall be given to the condition of the property immediately before the loss or damage, the resale value, the normal life expectancy of the property and obsolescence.
Actual Cash Value means what the vehicle is worth on the date of the theft, loss and damage, and takes into account such things as depreciation and obsolescence. In determining depreciation, the Company will consider the condition of the vehicle immediately before the damage occurred, the standard market resale value and normal life expectancy.
Actual Cash Value means the cost to repair or replace covered property, at the time of loss or damage, whether that property has sustained partial or total loss or damage, with material of like kind and quality, subject to a deduction for deterioration, depreciation and obsolescence as determined by us.
Actual Cash Value means the average trade-in value of Your Vehicle as published in the Kelley Blue Book Used Vehicle Value Guide at the time of the Mechanical Breakdown, adjusted for the current Vehicle mileage, any physical damage, and factory installed optional equipment.