Actual Cash Value (ACV) and Replacement Cost Value (RCV) are based on the current cost to replace the damaged property with the new property. The only difference between Actual Cash Value and Replacement Cost Value is the deduction for depreciation.
Illinois Automobile Liability – Minimum Limits and Question of Excess
In this article, we'll explore the minimum liability policy limits in Illinois and what they may mean for your auto file.
Product Recalls
The Consumer Product Safety Commission (CPSC) released recalls involving the following products: Royal Sovereign; Pearl River; and Polaris.
Product Recalls
The Consumer Product Safety Commission (CPSC) released the following product recalls concerning Goodman Manufacturing Company, Lightform, and myCharge.
Ohio Parental Liability
Parental liability is an important public policy consideration in Ohio. The parents of minor children are subject to liability for the acts of their children in a number of circumstances. In this article, we’ll discuss why the parent may be liable for acts involving property damage, theft, and motor vehicles.
Help Us Help You Recover More
We understand clients want to attempt all avenues of collection before sending the file to litigation. Unfortunately, waiting to send in a file can close potential avenues of collection. We recommend sending in motor vehicle files no later than six months before the statute of limitations.
Product Recalls
As a property adjuster, you are familiar with losses caused by defective products. We are seeing an increase in property damage caused by water and fire as a direct result of a defective product. This is why we are trying to work with you to bundle these files to increase...
Incident Alert – Paint Explosion
On April 8, 2021, there was an explosion and fire at a paint plant factory in Columbus, Ohio. The explosion occurred at Yenkin-Majestic Paint Corp., which is a family-owned and operated coatings manufacturer.
Two Million Dehumidifiers Recalled Manufactured by New Widetech
On August 4, 2021, the Consumer Product Safety Commission (CPSC) reported 2 million dehumidifiers made by New Widetech have been recalled because they can overheat and catch fire.
Product Recalls
As a property adjuster, you are familiar with losses caused by defective products. We are seeing an increase in property damage caused by water and fire as a direct result of a defective product. This is why we are trying to work with you to bundle these files to increase...