Thank you for the insight. I'm just beginning to learn. I've been dealing with aircraft R & D, modifications, and flight test; so this is a whole new venture for me. But I am understanding the difference between RCV and ACV. Thanks.
The pro-rata return of $350.00 of the deductible was the answer that the CGL adjuster and the insured, Joe Jones both found to be correct in the real world scenario which I posted, and the method I am most familiar with and find used.
Now what about scenarios where damages occur through negligence (of others) to personal property ('contents') items subject to HO policy sub-limits?
Floor Covering Coverage Question
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Posted - 12/27/2002 : 23:00:55
