Take the time to review this article. ACV vs. Replacement Cost issues are nothing new, and knowing how to professionally handle questions is what separates the independent agent from an 800#.
Tuesday, May 15, 2012
Actual Cash Value vs. Replacement Cost
A recent article by PropertyCasualty360.com looked at the confusion that can be caused by the standard replacement-cost provisions on Commercial Property forms. The article explores how the Commercial Property forms can offer the insured the option to accept settlement on an ACV basis, but the insured can later decide to receive the replacement cost amount.
Take the time to review this article. ACV vs. Replacement Cost issues are nothing new, and knowing how to professionally handle questions is what separates the independent agent from an 800#.
Take the time to review this article. ACV vs. Replacement Cost issues are nothing new, and knowing how to professionally handle questions is what separates the independent agent from an 800#.
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