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 […]
Tag Archives: actual cash value
05
Dec
Dec
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 […]