Glossary term
Actual cash value (ACV)
Actual cash value (ACV): What your car was worth immediately before a loss—replacement cost minus depreciation. Total loss settlements are paid at ACV.
Where this term matters
Guides and entries on this site that use the term.
Guide
Full Coverage Car Insurance in Florida
What full coverage means in Florida, when you need it, how to choose deductibles, and how hurricane season affects comprehensive coverage.
Guide
Car Insurance for Hurricanes and Floods in Florida
Which auto coverage pays for hurricane, storm surge and flood damage in Florida, how binding restrictions work, and how to prepare before a storm.
Entry
What Happens If You Are Hit by an Uninsured Driver in Florida?
Learn what covers medical bills and vehicle repairs after an uninsured crash in Florida, including PIP limits, tort rules, and uninsured motorist coverage.