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.
The earnings difference between women and men varies with age. Younger women (20-24 years old ) are closer to pay equity and earn 92.3% of men's earnings compared to older women (55 to 64 years old) who earn just 76.4% of men's for full-time wage and salary.21.