Valuation & rating
Depreciation
The loss of value due to age, wear and obsolescence, which is subtracted from an ACV settlement.
More in Valuation & rating
- Replacement cost (RC)
- Actual Cash Value (ACV)
- Insured value
- Underinsurance
- 360Value
- Protection Class (PPC)
Ready to get your quotes?
It's fast, free, and there's no obligation.