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Actual Cash Value

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What is the actual cash value?

This is the fair market value of a car following an accident, destruction, or theft. When the motorist files a claim for the loss, their insurance company dispatches an adjuster to thoroughly inspect every component of the vehicle. They will do an inspection of the vehicle’s body, tires, interior, and equipment.

You will also know the state of the automobile before the robbery accident. The adjuster will achieve the true cash value by looking at similar car models in this location on the basis of all this information.

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