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Ice, Picnic Chests

Calculate the actual cash value of Ice, Picnic Chests for insurance claims.

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Individual calculations are not published; only anonymous aggregates appear when sample size qualifies.

Example

Using a round-number example: a 3-year-old Ice, Picnic Chests at $1,000 RCV has an estimated ACV of $700.00 at 10.00% per year.

Depreciation rate: 10.00% / year
Keywords: ice chest, picnic cooler, beverage cooler, portable chest, insulated picnic box, camping cooler

The Depreciation Calculator should be used as a general guide only; there are many variables which can affect an item's life expectancy that should be taken into consideration when determining actual cash value.

An item that is still in use and functional for its intended purpose should not be depreciated beyond 90%.