poorly written article. the HO insurance contract is pretty universal and straight forward on the ACV vs. replacement provisions. what are the companies doing that is illegal? a law isn’t going to address what is a fair ACV amount, is it?
A total loss to the dwelling would result in payment of the policy limit for the dwelling. Contents would be paid ACV until actually replaced and then a supplemental check for those items replaced.
We have updated our privacy policy to be more clear and meet the new requirements of the GDPR. By continuing to use our site, you accept our revised Privacy Policy.
poorly written article. the HO insurance contract is pretty universal and straight forward on the ACV vs. replacement provisions. what are the companies doing that is illegal? a law isn’t going to address what is a fair ACV amount, is it?
A total loss to the dwelling would result in payment of the policy limit for the dwelling. Contents would be paid ACV until actually replaced and then a supplemental check for those items replaced.