Actual Cash Value v. Replacement Cost Value

Replacement cost payment of property compensates a policyholder for the actual cost of replacing the property.  On the other hand, actual cash value, also known as market value, compensates a policyholder based on the replacement cost minus depreciation of the damaged or stolen property.

Well-Documented Scene Investigation

A picture truly is worth a thousand words. A thoroughly documented sump pump file can also be the difference in thousands of dollars in recovery. When in doubt, more is better. These suggestions will provide the subrogation professional, expert, and counsel with tools to prepare the file and maximize your...