Diminishment in property value due to age and wear. This value discounting is taken into account when adjusting for property insurance that covers loss an actual cash value basis. That is, Actual Cash Value equals Replacement cost minus depreciation.
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Main Office
201 North State Street
P. O. Box 1456
Yadkinville, North Carolina 27055
Phone: (336) 679-8816
Fax: (336) 679-7026
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Elkin Office
825 North Bridge Street
Elkin, North Carolina 28621
Phone: (336) 835-4288
Fax: (336) 835-8103
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