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.
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.
Property Loss Notice form from ACORD.
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.
A notarized statement of the money requested for a loss under a property coverage policy.
Financial worksheet for calculating a repair estimate, with one column to itemize losses, and 3 columns for replacement cost, depreciation, and actual cash value.
