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Sentences with actual cash value basis

ac·tu·al cash val·ue ba·sis
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  • Coverage can be written on a replacement basis or an actual cash value basis that makes an adjustment for depreciation.Contents losses are always adjusted on an actual cash value basis to allow for reduction in the value of the insured items.Actual cash value basis is a method of valuing insured property that is calculated by subtracting depreciation from the replacement cost.
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