Oftentimes, third-party liability adjusters will refuse to pay the full amount of the “Repair Cost Value” (“RCV”) of the damages included in the subrogation demand, and contend that they only owe “Actual Cash Value” (“ACV”), regardless of the amount paid in the underlying First-Party Property claim. Join host, Aaron Jacobs and guest host, Raymond Franks with Rimkus Consulting Group as they discuss and dissect the ABC’s of RCV and ACV damages evaluations and the associated potential effects on your subrogation recovery.
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Rimkus Consulting Group, Inc. is a worldwide provider of forensic consulting services to insurance companies, law firms, corporations and government agencies. Rimkus assists clients in the responsive and timely resolution of claims and disputes. The company’s team of professional engineers, scientists, and technical specialists is recognized for its commitment to service excellence by local, national, and international business communities.
*This podcast has been hosted by Butler, and is not intended to, nor does it, create the attorney/client privilege between our host, guest, or contributors, and any listener for any reason. Content from the podcast is not to be interpreted as legal advice. All thoughts and opinions expressed herein are only those from which they came.