Agenthut DC
1804 Vernon St Nw200
Washington, DC 20009
(202) 265-4922
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Glossary
Get the answers you need.
Actual Cash Value:
You’ll see this term a lot in auto insurance policies or if you ever have to file an auto insurance claim. That’s because most auto insurance coverage reimburses you only for the actual cash value of your car. Your car’s actual cash value is calculated by determining its original value, minus the amount your car has depreciated since you bought it.
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