Description

There are many different ways that commercial property can be valued under the Building and Personal Property Coverage form. While Actual Cash Value and Replacement Cost are the most common, they may not always be the best choice for the insured. This course will examine many of the different ways commercial property values can be determined after a loss including ACV, RC, Functional RC, Manufacturers Selling Price and Market Value. We will also discuss the considerations necessary in determining which valuation method to use.