Use this worksheet to inventory property and content losses, and obtain an estimate of replacement costs. It contains columns to factor in age, original cost, replacement cost and depreciation to calculate ACV (actual cash value).
Use this worksheet to inventory property and content losses, and obtain an estimate of replacement costs. It contains columns to factor in age, original cost, replacement cost and depreciation to calculate ACV (actual cash value).
Diminution in value is claimed when the value of a damaged, but repaired, item is less than the value before the loss. Subrogation professionals should be aware of when and how the laws of each state deal with diminution of value. This chart is a summary of how the first-party issue is treated in all 50 states.
The Commercial General Liability (CGL) form provides property damage and bodily injury liability coverage arising out of business operations and is usually a part of a commercial package policy (CPP). It specifically excludes coverages that would be found in companion policies, such as automobile-related claims which are covered under a business auto policy.
An ACORD form for calculating the replacement cost of a residential dwelling using the Boeckh square foot method. This form is used by insurance agents to determine how much coverage should be written when an application is submitted, and by insurance claims adjusters after a loss when checking the adequacy of coverage per the coinsurance clause.
The adjuster and the policyholder list and assess the inventory of flood-damaged personal property on this form. NOTE: This form is currently under review at the Office of Management and Budget (OMB) and has expired effective April 30, 2017. However, OMB has authorized the continued use of the existing form, until the review process is complete. Upon OMB approval, FEMA will update this record with the new form.
Farm property policy lists personal property coverage, coverage extensions and exclusions.
Property Loss Notice form from ACORD.
An endorsement form issued by Insurance Services Office, Inc. (ISO) for insuring businesses. Modifies the Businessowners Coverage Form BP 00 03 to include Section I property coverage for a loss payee.
A legal form documenting a claimant's property loss involving a mobile home.
A legal form documenting a claimant's property loss involving a mobile home.
A notarized statement of the money requested for a loss under a property coverage policy.
