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What is owed after a car is totaled: ACV or sale price?
By FC&S EditorsCoverage Q&A: After a van was destroyed in an accident, its actual cash value totaled $9,000 more than its sale price.
News and information for property & casualty insurance agents & brokers on coverage and policy issues, including policy analysis related to whether a client’s loss is covered. Coverage questions are answered as to who is liable in the event of a loss, in order to most effectively serve the client when a claim is filed.
Coverage Q&A: After a van was destroyed in an accident, its actual cash value totaled $9,000 more than its sale price.
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