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KembaraXtra – Travel Terms: ACV
ACV has three meanings here: (1) air cushion(ed) vehicle, commonly known as a hovercraft; (2) certain forms that serve as certificates of insurance cover offered by Lloyd’s for hovercraft; and (3) actual cash value, a phrase common in North American travel insurance policies that may mean an item is insured for a stated value or that depreciation must be deducted, with meaning depending strongly on context and policy wording
ACV has three meanings here: (1) air cushion(ed) vehicle, commonly known as a hovercraft; (2) certain forms that serve as certificates of insurance cover offered by Lloyd’s for hovercraft; and (3) actual cash value, a phrase common in North American travel insurance policies that may mean an item is insured for a stated value or that depreciation must be deducted, with meaning depending strongly on context and policy wording
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