Money & Pricing
ACV
Actual Cash Value: replacement cost minus depreciation — what a policy pays when the policyholder does not repair.
On a real claim
ACV, actual cash value, is replacement cost minus depreciation, what the policy pays when the policyholder does not repair. On a claim the ACV check is often only the first payment, with the depreciation recoverable later under RCV if the work is done. What goes wrong: a contractor and homeowner treat the ACV check as the full settlement and never file for the held-back depreciation. Check the policy and the conditions for releasing the rest before calling the job settled.
Common questions
What does "ACV" mean in Xactimate estimating?
Actual Cash Value: replacement cost minus depreciation — what a policy pays when the policyholder does not repair.
Where does "ACV" show up in a claim?
The term matters on estimates and scopes across the insurance restoration workflow. Browse the glossary for related terms.
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