Subro Sense - The ABC's of RCV and ACV

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.
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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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