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Is Actual Cash Value the Way to Go?

Many people are confused by the term actual cash value.  It is essential, however, to understand this term before you suffer a catastrophic loss because it is very easy to end up with less coverage than you think you are paying for after you need to make a claim. Actual Cash Value The term actual cash value means that the insurance company is usually going to pay you less than the replacement value. The reason that this can be a problem is that you need to come up w...