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RCV vs. ACV: Know these loss claim settlement caveats
By FC&S EditorsRepair costs and local regulations are just two factors that can impact an insured's settlement amount.
News and information for property & casualty insurance agents & brokers on coverage and policy issues, including policy analysis related to whether a client’s loss is covered. Coverage questions are answered as to who is liable in the event of a loss, in order to most effectively serve the client when a claim is filed.
Repair costs and local regulations are just two factors that can impact an insured's settlement amount.