According to the insured's policy, he has approximately $176,552 for the dwelling limit on building 1 and also the same amount for building 2. It is an ACV policy with 80% coinsurance requirement.
Building 1 experienced a fire/smoke loss and the insurance company has already agreed to an RCV of $182,131.92 and an ACV of $144,048.46. I believe the claim is currently underpaid and that I can help the insured obtain additional funds, but I'm concerned that he may be underinsured.
According to my valuation, building 1 has a RCV of approximately $528,440 and an ACV of $224,985.
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