Explore BrainMass

Explore BrainMass

    Computing Claim amount for Actual Cash Value coverage

    This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

    What amount would a person with actual cash value (ACV)coverage receive for 2-year-old furniture destroyed by a fire? The furniture would cost $1,000 to replace today and had an estimated life of 5 years.

    © BrainMass Inc. brainmass.com June 3, 2020, 11:01 pm ad1c9bdddf
    https://brainmass.com/business/cash/computing-claim-amount-actual-cash-value-coverage-259631

    Solution Summary

    This solution describes the steps to calculate the claim amount based upon Actual Cash Value coverage.

    $2.19

    ADVERTISEMENT