The amount of money your insurer is going to pay you following an insured loss is often known as either Actual Cash Value (ACV) or Replacement Cost. ACV is the cost of exchanging the possession with a thing of similarity kind & value - minus an allowance for depreciation. Replacement cost means you might be able to reach a resolution to your claim with no deductible for depreciation, but this requires you to have the property fixed up or exchanged with similarity kind & worth.

Covered losses under a homeowner's policy can be paid on either an actual cash value basis or on a replacement cost basis. When "actual cash value" is used, the policy owner is entitled to the depreciated value of the damaged property. Under the "replacement cost" coverage, the policy owner is reimbursed an amount necessary to replace the article with one of similar type and quality at current prices. See similar questions...

Covered losses under a homeowners policy can be paid on either an actual cash value basis or on a replacement cost basis. When "actual cash value" is used, the policy owner is entitled to the depreciated value of the damaged property. Under the "replacement cost" coverage, the policy owner is reimbursed an amount necessary to replace the article with one of similar type and quality at current prices. See similar questions...

Your vehicle's actual cash value is what your car is worth on the open market before the accident. It is determined by comparison to similar vehicles in the same condition as yours or by a pricing service that has information about auto prices in the local market. Condition, equipment and mileage are taken into consideration. See similar questions...

The insurance company will assign an appraiser to inspect the vehicle to determine its condition prior to the accident, or in some instances allow the repairer to make the determination. They may use a car evaluation service or the newspaper to determine pre-accident value. The owner should also determine the value independently. See similar questions...

Actual Cash Value (ACV) is the cost to repair or replace an insured item of property at the time of the loss, less physical depreciation. The value of physical depreciation is based on the age and condition of the item. Personal property, i.e. contents, is always paid at ACV. See similar questions...

ACV or Actual Cash Value is what dealers are paying for cars like yours. This is the dealer's actual appraised value. They call it Actual Cash Value to separate it from Trade Allowance. Trade Allowance is the inflated price for your car off their car's inflated retail price. We only deal with the ACV, avoiding this confusion. See similar questions...

Replacement Cost is the amount of money you would need to spend to replace your home with another of like kind and quality on the same site. Actual Cash Value is the replacement cost less depreciation. To determine the actual cash value, the general condition and character of your home are taken into account. Replacement Cost and Actual Cash Value are generally used in reference to the home, not to the land it is built on. See similar questions...

No, there is no additional cost for this coverage. However, claimants must file within 9 months of delivery of their household goods to be eligible for undepreciated replacement costs for lost or destroyed items. See similar questions...

Only Medical Insurance will pay for the treatment you require. Cash plans only pay a small amount of money if you are hospitalised. This may not be enough to cover private treatment. Income replacement will provide a monthly payment to replace your income if you can't work through accident or illness. If you contract one of the named critical illnesses, you receive a lump sum. See similar questions...

Cash Contributions: Cash Contributions are considered to be those made by cash, check or credit card. The use of these gifts may be either restricted or unrestricted. These gifts may be the part of an outright (current) gift or a planned gift. Non-Cash Contributions: Non-Cash Contributions include such items as securities, real property, and/or personal property. These gifts may be restricted or unrestricted. See similar questions...

Cash Value is an amount accumulated by the Policy. This amount can be withdrawn any time by the policyowner. See similar questions...

is made up of 3 compartments, the patellofemoral and medial and lateral compartments between the femur and tibia (i.e. the long bones of the leg). Often only one of these compartments wears out, usually the medial one. If you have symptoms and X-ray findings suggestive of this then you may be suitable for this procedure. See similar questions...