depreciation

What is Actual Cash Value?

Question: "What is actual Cash Value?" What is the actual cash value of my car? We have all heard that as soon as you drive the car off the showroom floor, the value of the car drops, this change in value is called depreciation. The basic logic stems from the fact that people are willing to pay less for a “Used Car” or truck than they would for a band-new vehicle.An insurance company realize...
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