Actual Cash Value (ACV)
The depreciated value of damaged property: replacement cost minus depreciation for age and wear.
Wave Team·
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Wave Intelligence
Wave's estimating intelligence: the part of the product that understands the context of a job, such as residential or commercial and the type of loss, and shapes the estimate the way an experienced estimator would.
Additional Living Expenses
Coverage for lodging, meals, and other costs when a home is uninhabitable during restoration.
Adjuster
An insurance professional who investigates claims, assesses damage, and approves estimates.