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What is Actual Cash Value (ACV) and how is it determined on Alleysa?
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Actual Cash Value (ACV) on Alleysa is the value of your vehicle at a given time, used to determine the maximum coverage amount if your vehicle is damaged and deemed a total loss. ACV is determined by using various data sources to compare your vehicle to similar ones in the market. A detailed valuation report is provided to show how the ACV is calculated.
