Blog Page


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...