Market Value (Glossary Word)
Market Value
The price at which property could be sold, generally applicable to real estate. One of several common ways property may be valued for the purpose of selecting insurance coverage limits. Closely related concepts are 'actual cash value' (ACV) and 'replacement cost'.
How much would it cost to replace your home's contents? Do you need to customize your insurance to protect valuable items? Find out with our wizard. 
Things change and your insurance protection should keep up. Our wizard will help you review your risks and evaluate your insurance needs in just a few minutes. 