Actual Cash Value or (ACV)
The actual cash value (ACV) of a vehicle is the replacement cost of a vehicle deemed a total loss after a car accident.
In more understandable terms, what could you have sold your vehicle for the day of the accident, had it not been wrecked? That is the actual cash value. The insurance companies coined this phrase and have greatly twisted its intent.
After a car wreck, the insurance company will order an appraisal be done on your vehicle by a third party company. This company is usualy CCC or ADP. These companies are experts in creating appraisals with a goal to prove that your vehicle is worth as little as possible. Using this appraisal, the insurance company has the proof they need to pay you less then the true 'actual cash value' of your vehicle.
You will learn how to pick out flaws in these appraisals in The Claimbuster eBook. Currently priced at
Our auto accident training manual, The Claim Buster eBook, will guide you from the start of a car accident claim until you have a claim check in your hand that you deserve. Affordably priced at only
Total Loss |
Repairable Vehicle |
Diminished Value |
Loss of Use |
Take Price |
Resale Value | Loss Economic Opportunity | Dealer Ready | At the Scene of the Accident
Shortly After the Accident | How to Settle | Recorded Statement
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