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Houck - Seward AgencyHouck - Seward Agency
1940 Eggert Road
Amherst, New York 14226
Phone: (716) 835-2525
Fax: (716) 835-7808

Actual Cash Value

Actual Cash Value (Glossary Word)

A calculation of value that pays damages equal to the replacement value of damaged property minus depreciation. Depreciation includes diminishment in value due to time and wear.


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