Insurance Terms

Actual Cash Value (ACV)

The fair market value of property, typically calculated as replacement cost minus depreciation.

In Personal Injury Cases

When your car is totaled, the insurance company pays actual cash value—what your car was worth just before the accident, not what you paid for it.

This term belongs to the Insurance Terms category and is part of our machine-readable California injury-law glossary.

Developers and search systems can resolve this term through the glossary API and collection hub.

When a vehicle is so damaged that repair costs exceed its value, or it's impossible to repair safely.

Our attorneys can explain how actual cash value (acv) applies to your specific case.

Get a free case evaluation from our experienced personal injury attorneys.