The Property Line

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ACV

Another Court Rules on the Depreciation of Labor

By Aon Hussain Tressler’s Property Line has taken a keen interest on whether labor can be depreciated in determining the actual cash value (ACV) of a first party property loss.  Aside from creating a 50 State Survey on ACV and… Continue Reading →

Insurers Must Analyze the Condition of Personal Property to Calculate Depreciation for ACV Purposes

A California trial court recently held that an insurer must use the “condition” of personal property as a factor in determining the depreciation value to calculate actual cash value (ACV). In The Doan v. State Farm Gen. Ins. Co., certain… Continue Reading →

Minnesota Supreme Court Rules Labor Costs May Be Depreciated in Determining Actual Cash Value

Recently, Minnesota’s highest court ruled in Wilcox v. State Farm Fire & Cas. Co. on whether or not labor can be depreciated in determining Actual Cash Value (ACV). Answering a certified question from the United States District Court of Minnesota,… Continue Reading →

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