Matching Statute
State laws requiring insurers to pay for uniform appearance when undamaged materials can't be matched to repaired ones, which is common with siding, roofing, and flooring.
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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.
Actual Cash Value (ACV)
The depreciated value of damaged property: replacement cost minus depreciation for age and wear.
Additional Living Expenses
Coverage for lodging, meals, and other costs when a home is uninhabitable during restoration.