How does actual cash value (ACV) affect a homeowners insurance claim?

ACV or actual cash value is a depreciated value on your loss. Depending on your insurance company the depreciated value could be anything depending on 10% to 100% however, your agent will not even know these numbers because the claims department keeps these close to the belt.

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This topic is a hot one at renewal time, for home and auto. Many times when clients get their renewal they are upset because there is an increase. This causes them to lash out at the insurance carrie