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Last Post 01/18/2011 3:32 PM by ChuckDeaton

quick question

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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

ChuckDeaton
Life 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

Ray Hall

Senior Member
Posts:2443

01/18/2011 12:35 PM
crawl space like under the floor ... yes for direct damage... can also be RCC

WILLIS

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.

ChuckDeaton
Life 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

ChuckDeaton
Life 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

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