United States:
Subro Sense – The ABC's Of RCV And ACV
23 October 2020
Butler Weihmuller Katz Craig LLP
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Oftentimes, third-party liability adjusters will refuse to pay
the full amount of the "Repair Cost Value"
("RCV") of the damages included in the subrogation
demand, and contend that they only owe "Actual Cash
Value" ("ACV"), regardless of the amount paid in the
underlying First-Party Property claim. Join host, Aaron Jacobs and
guest host, Raymond Franks with
Rimkus Consulting Group as they
discuss and dissect the ABC's of RCV and ACV damages
evaluations and the associated potential effects on your
subrogation recovery.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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