What is ACV price?

What is ACV price?

What Is Actual Cash Value? Actual cash value (ACV) is the amount equal to the replacement cost minus depreciation of a damaged or stolen property at the time of the loss.

What is full replacement cost coverage?

What Is Replacement Cost Coverage? A replacement cost policy helps pay to repair or replace damaged property without deducting for depreciation, says the III. This type of coverage may be available for both your personal belongings and your home if they are damaged by a covered peril.

Who is Lemonade insurance underwritten by?

techUnderwriting at Lemonade Powered by tech, Lemonade is able to collect about 100x more data-points per customer than traditional insurers (whether online or through the app).