Forums

Tags - Popular | FAQ  

PrevPrev Go to previous topic
NextNext Go to next topic
Last Post 01/18/2011 3:32 PM by  ChuckDeaton
quick question
 5 Replies
Sort:
You are not authorized to post a reply.
Author Messages
Alex_Chernov
Member
Member
Posts:67


--
01/17/2011 11:33 PM

     Can anybody tell me if insulation in the crawlspace would be covered (ACV\RCV?), building is a prefirm building. Thanks

    0
    ChuckDeaton
    Life Member
    Senior Member
    Senior Member
    Posts:1110


    --
    01/18/2011 12:26 PM
    You are the only one that has the answer. Look at the policy. Is the policy residential or commercial. Is coverage written on an RCV or ACV basis.
    "Prattling on and on about being an ass with experience doesn't make someone experienced. It just makes you an ass." Rod Buvens, Pilot grunt
    0
    Ray Hall
    Senior Member
    Senior Member
    Posts:2443


    --
    01/18/2011 12:35 PM

    crawl space like under the floor ... yes for direct damage... can also be RCC

    0
    WILLIS
    Member
    Member
    Posts:97


    --
    01/18/2011 1:56 PM

    If the risk is a Dwelling, Pre-firm,  and  the insulation is under the sub-floor & was "touched by the flood waters" then coverage for both ACV first, then RCV when actually replaced would apply. 

    0
    ChuckDeaton
    Life Member
    Senior Member
    Senior Member
    Posts:1110


    --
    01/18/2011 3:30 PM
    Aganin read the policy, if the coverage is ACV then apply depreciation. In some cases the policy will be ACV with an 80% replacement cost provision. The RCV of the dwelling has to be determined before a decision can be made as to whether to apply depreiciation.
    "Prattling on and on about being an ass with experience doesn't make someone experienced. It just makes you an ass." Rod Buvens, Pilot grunt
    0
    ChuckDeaton
    Life Member
    Senior Member
    Senior Member
    Posts:1110


    --
    01/18/2011 3:32 PM
    Don't attempt to answer this question without residential and commercial flood experience.

    READ THE POLICY!
    "Prattling on and on about being an ass with experience doesn't make someone experienced. It just makes you an ass." Rod Buvens, Pilot grunt
    0
    You are not authorized to post a reply.


    These Forums are dedicated to discussion of Claims Adjusting.

    For the benefit of the community and to protect the integrity of the ecosystem, please observe the following posting guidelines: 
    • No Advertising. 
    • No vendor trolling / poaching. If someone posts about a vendor issue, allow the vendor or others to respond. Any post that looks like trolling / poaching will be removed.
    • No Flaming or Trolling.
    • No Profanity, Racism, or Prejudice.
    • Terms of Use Apply

      Site Moderators have the final word on approving / removing a thread or post or comment.
    2022 NACA Convention