The wildfires that engulfed parts of Gatlinburg and Sevier County, Tenn., in late November have left behind an estimated 1,700 damaged or destroyed structures.

Because Tennessee is a valued policy state, the adjusting for some of these buildings may be different than in a non-valued policy state.

Property policies generally use one of two methods for determining the value of a loss: actual cash value or replacement cost.

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Christine G. Barlow, CPCU

Christine G. Barlow, CPCU, is Executive Editor of FC&S Expert Coverage Interpretation, a division of National Underwriter Company and ALM. Christine has over thirty years’ experience in the insurance industry, beginning as a claims adjuster then working as an underwriter and underwriting supervisor handling personal lines. Christine regularly presents and moderates webinars on a variety of topics and is an experienced presenter.