Under section 2051(b)(2) of the California Insurance Code, âactual cash value is the amount it would cost the insured to repair, rebuild, or replace the item lost or injured less a fair and reasonable deduction for physical depreciation based on its condition at the time of the loss.â
The average salary for a 30 year old female is about 30 thousand  dollars a year.
Overall, the salary gap between male and female survey respondents remained fairly consistent with IFTâs 2011 survey in which women earned 78.4% of menâs median salary. In 2013, womenâwith a median of $79,000âearned 77.5% of the $102,000 median for men.