Insurance Journal's Academy of Insurance

Insurance Journal

You have no items in your shopping cart.

Two ways to register

1. Buy the single session!

2. Become a member

just $39/month

For $39/month you get all of these:
  • FREE access to 40+ live classes over the next year!
  • Unlimited access to 350+ on-demand courses in our library.
  • PLUS exclusive coverage skills tests, Q+A sessions w/instructors, discounts on our conferences and more!

Become a Member


Sign in to access this session and all materials.

Actual Cash Value: How to Define an Undefined Term

Actual Cash Value: How to Define an Undefined Term

Quick Overview

Everyone in insurance knows about actual cash value, right? The term is all over the place and we all think we know what it means, but what does it really mean in practice today? Join us as Crystal Uebelher brings this session and helps us to question what we know and answer the question, what is actual cash value, really?


Can't make it Thursday? Register now and we'll send you the recording.

Get access for just $39! Become a member and get access to this course, PLUS our library of 350+ on-demand courses!

Add Items to Cart Add to Cart
Duration 1 hour
Location Online Webinar
Formats On-Demand
Instructor Crystal UebelherCrystal Uebelher

Determining the actual cash value of damaged or destroyed property has long been considered a routine process in first-party coverage. In recent years, a trend has emerged to question whether the labor costs to repair or replace an item can be depreciated. We will explore cases defining actual cash value and the new definitions added to policies by some carriers. In this class, you will:

  • Understand why actual cash value is a baseline for indemnity payments.
  • Explore how courts have limited the definition of actual cash value in recent years.
  • Identify whether carriers have been successful in redefining actual cash value in face of court definitions.
Add Items to Cart Add to Cart