Total Loss Settlement is Valued Policy State

January 27, 2016

This question is about when a dwelling with no coverage issues is deemed a total loss in a valued-policy state (not a state-specific question, so this will be left out). When the valuation's ACV amount exceeds the limit of liability, will the deductible be subtracted from the limit of liability or will the limit of liability be paid by the carrier without subtracting the deductible from that amount?

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