Actual Cash Value

By Ricky K. Patel, Esq. Insurance policy language, although required by many state laws to be "easy to understand," isn't always easy to understand. When is the last time you sat down to read your insurance policy from beginning to end? It’s important to remember that...

By Jesmany Jomarrón, Esq. Actual Cash Value and Replacement Cost Value are important insurance concepts because they determine how much an insurance company will pay you for your property insurance claim. After your insurance company determines that an insurance policy provides coverage for a loss, the...