Vehicle factors
The subject vehicle must be identified accurately.
- Model year and generation
- Trim and drivetrain
- Mileage or hours
- Condition
- Factory equipment
- History and documented modifications
Canadian ACV Guide
Understanding Vehicle Actual Cash Value in Canada
Actual cash value generally refers to the vehicle's value immediately before the loss under the applicable policy and claim circumstances. The precise wording and process can vary, but a supportable value should still reflect the correct vehicle and relevant market evidence.
What matters: Actual cash value is not automatically the purchase price, outstanding loan, trade-in value or the highest advertised replacement listing.
Market factors
The relevant market can vary by province, vehicle type and availability.
- Regional inventory
- Dealer and private seller evidence
- Listing date and status
- Currency and import considerations
- Seasonality
- Specialty-market depth
Settlement factors
Vehicle value should be distinguished from separate payment calculations.
- Applicable taxes
- Deductible
- Lien payout
- Owner-retained salvage
- Policy endorsements
- Other claim-specific items
How ACV should be tested
01Confirm the vehicle
Verify every subject-vehicle input.
02Review the comparables
Test similarity, availability and market relevance.
03Check adjustments
Understand mileage, condition and equipment treatment.
04Reconcile the offer
Separate ACV from tax, deductible and other payment items.
Frequently asked questions
Is actual cash value the same across every province?
The valuation concept may be similar, but policy wording, insurer systems and dispute processes can differ.
Does replacement cost prove ACV?
Replacement searches can be relevant, but the appraisal must address comparability, asking prices and the actual market.
Can a commercial truck have an ACV dispute?
Yes. Commercial and specialty vehicles often require category-specific market evidence.
Need an independent actual cash value opinion?
Send the complete valuation report and exact vehicle specification.
Send the complete valuation report and exact vehicle specification.
Assignment availability, inspection requirements and report scope are confirmed after file review. IA Reports does not guarantee acceptance by a third party or a particular financial, legal or insurance outcome.