What is a ACV (Actual Cash Value)?

Full definition

ACV stands for Actual Cash Value — an insurance claim settlement that pays the depreciated value of damaged property (current cost minus depreciation for age and condition). For 20-year-old aluminum gutters, ACV might pay only 40-50% of the cost of new gutters.

If you have RCV coverage, ACV is the initial payment and the depreciation amount becomes 'recoverable' upon completion of work. If you have only ACV coverage, what you receive is final.

Related terms

• Full glossary — all KC gutter terms
• Knowledge base — deep articles
• Complete KC gutter guide