Agreed value vs. actual cash value
The difference that decides how much you're paid after a loss.
Insurance & protection
Agreed value pays the amount listed on your policy with no depreciation — ideal for art and jewelry.
Actual cash value pays replacement cost minus depreciation, which can leave you far short.
Ask your insurer which applies before you buy.
Related guides
- How to insure your artwork
- How to insure your jewelry
- How to document your art and jewelry collection
- Protecting art and jewelry from theft