US EditionACV, RCV, and GCOP: Why the Ninth Circuit’s Ruling Matters to Claims Professionals and Policyholders | Property Insurance Coverage Law Blog
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ACV, RCV, and GCOP: Why the Ninth Circuit’s Ruling Matters to Claims Professionals and Policyholders | Property Insurance Coverage Law Blog
This week’s ruling by the Ninth Circuit in Dow v. Safeco Insurance Company of America 1 serves as a timely reminder for claims professionals to revisit how to interpret actual cash value (ACV), replacement cost value (RCV), and general contractor overhead and profit (GCOP) under property insurance policies which define the terms. This case, which … The post ACV, RCV, and GCOP: Why the Ninth Circuit’s Ruling Matters to Claims Professionals and Po…
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