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 […]
Tag Archives: insurance claim
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Aug
A June 10-12, 2013 Google Consumer Survey revealed that 83% of consumers don’t trust the insurance industry. The survey was sponsored by the Coalition Protecting Auto No-Fault (CPAN) in the state of Michigan. It was administered to 500 Michigan residents through Google Consumer Surveys. Although this wasn’t an Arizona survey, I’m pretty sure the results […]