We'll explain exactly what ACV is!


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TRANSCRIPTION:
"what it's actually worth at that point in time. Where coverage like that for the home varies from the auto is that your auto depreciates over time as mileage goes up and wear and tear the value of that goes down. It's not always the case with a home but there's also the wear and tear factored into that as well.

So if your roof is 15 years old. And there is a claim they're going to factor in the age of that. They're going to depreciate out of that that payout for the claim. If it's a total loss for your home, so you have to rebuild it's going to be subject to what the real estate market's determining that the value of your home is at that time."

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