Tag Archives: ACV

Wilshire Insurance’s Loss Settlement Endorsement LSH01

Are you a Wilshire Insurance Company policyholder? If so, you’ll want to pay attention to what I’m about to tell you.  If you have a homeowner’s policy, you may have read (or likely did not read) the Loss Settlement Endorsement that came with your new policy or renewal.  No, it’s not sexy, but you’ll thank […]

Replacement Cost, Actual Cash Value, and Depreciation Defined

If you’ve ever gone through an insurance claim involving any type of property loss, you’ve probably heard the insurance company’s adjuster throw around terms like “Replacement Cost,” “Actual Cash Value” or “ACV,” and “Depreciation.”  These are all standard terms that those of us within the industry are familiar with.  However, to the average policyholder the […]

Don’t Miss Your Deadline to Receive Recoverable Depreciation

Often when people file an insurance claim, they don’t understand how recoverable depreciation works with their replacement cost policy.  As Arizona public adjusters, we help our clients meet every deadline in order to get all the money they’re entitled to in their claim settlement. When the insurance company pays the ACV (actual cash value) portion […]