Actual cash value is the residual value paid to a customer to repair or replace lost or damaged property. The ACV of any item is determined by the market value of a like items today. ACV valuation functions the same as automobile insurance. For example, you purchase a new car for $25,000 and keep it for five years when it is totaled when a tree falls on it. The insurer will cover the replacement cost of the five-year-old car using the current book value of the same car model, not the value of a new replacement car. Actual cash value coverage is only available on Arpin RI local moves or when items are placed into, or convert to permanent storage at Arpin RI’s warehouse. For long distance interstate moves, customers can choose either Released valuation, aka $.60 cents per pound, or Full Value Replacement (FVP) valuation.