November 9, 2007, Newsletter Issue #90: Auto Insurance Definitions: Actual Cash Value

Tip of the Week

In your policy, the car insurance term, "Actual Cash Value", is the current value of an item at the time of the loss. This value is defined as the cost of replacing the item minus any applicable depreciation.

Your auto insurance actual cash value is the reimbursement value of the loss. For example, if your car is considered a total loss after an automobile accident, the insurance company will reimburse you the cash value of the car at the time of the accident, not what you paid for the vehicle when it was new.

About LifeTips

Now one of the top on-line publishers in the world, LifeTips offers tips to millions of monthly visitors. Our mission mission is to make your life smarter, better, faster and wiser. Expert writers earn dough for what they know. And exclusive sponsors in each niche topic help us make-it-all happen.

Exclusive Sponsor provides all the information necessary to help our customers make an educated decision when it comes to auto insurance. in addition to the tips provided by LifeTips, we also offer an online Learning Center on our site.

Our Learning Center contains a variety of information from Articles on auto insurance and other car topics, to the last in insurance related news headlines. We also have a Questions & Answers section to help you find answer to some of the most commonly asked questions, and we encourage you to ask your own questions as well.

Stay informed with all the tools available at to help you get the most affordable rates for the right coverage.

Not finding the advice and tips you need on this Car Insurance Tip Site? Request a Tip Now!

Guru Spotlight
Candi Wingate