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What’s the difference between Actual Cash Value and Replacement Cost? 🤔 It’s simple: Actual Cash Value pays you what your item is worth right now — the used price. Replacement Cost pays what it would cost to buy that same item today — the new price. So if you bought a $2,000 TV a few years ago and it’s only worth $500 now… ACV gives you $500. Replacement Cost gets you the full amount to replace it. One pays the old value. One pays the new value. Make sure you know which one you have. Follow for
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After an accident, your repaired car is worth thousands less - even if it looks perfect. Insurance companies rarely mention this hidden loss in value, known as Diminished Value. At Auto Value Professionals, we get drivers paid for what insurance companies don’t want to pay. 𝐅𝐫𝐞𝐞 𝐜𝐚𝐬𝐞 𝐫𝐞𝐯𝐢𝐞𝐰. No fees unless we recover money for you. | AVP Claims
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