Glossary
Actual Cash Value (ACV)
The depreciated value of damaged property — replacement cost minus depreciation for age and wear.
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Glossary
Wave Intelligence
Wave's reasoning system — the part of the product that infers job context (residential vs. commercial, water category, scope) and shapes the estimate the way an experienced estimator would. Defensive bidding is one observable result.
Glossary
Additional Living Expenses
Coverage for lodging, meals, and other costs when a home is uninhabitable during restoration.
Glossary
Adjuster
An insurance professional who investigates claims, assesses damage, and approves estimates.