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: depreciation
Insurance Policy Issues, Recoverable Depreciation
Don’t Miss Your Deadline to Receive Recoverable Depreciation
28
Sep
Sep
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 […]