Glossary · coverage
Actual Cash Value
The depreciated value of damaged property.
Actual Cash Value is replacement cost minus depreciation. Florida carriers often pay ACV first, then release depreciation as repairs are completed (for RCV policies).
Example. A 10-year-old roof with a 25-year warranty, destroyed by a storm, has an ACV of roughly 60% of its replacement cost.
In practice
Where you encounter "Actual Cash Value" in Florida claims
Policyholders see "Actual Cash Value" referenced in policy language, claim correspondence, and carrier scope of loss documents. Knowing the precise definition under Florida practice keeps you from accepting carrier framing. See also FS 626.854 on Public Adjuster licensing and FS 627.70131 on carrier duties.
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Related terms
The full cost to replace damaged property at current prices.
A percentage-based deductible for named hurricanes.
Dwelling coverage for the structure of your home.
Other Structures coverage.
Personal Property coverage.
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Where else this term matters
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A licensed Florida public adjuster will review your policy and loss documentation for free.
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Free review. No fee unless we recover more.
Glossary
Related insurance terms
Related glossary entry: Ordinance or Law.
Related glossary entry: Price List.
Related glossary entry: Dwelling Form.
Related glossary entry: Payment Milestones.
Related glossary entry: Pure Loss.
Related glossary entry: Insurable Value.
Free claim review
Licensed Florida public adjusters. Free claim review. No recovery, no fee.
- ✓Licensed Florida public adjusters
- ✓We work for policyholders, not insurance companies
- ✓No fee unless we recover more than you were offered
What kind of damage?
Pick the closest match. We will ask for details next.
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