Did you know that physical damage coverage typically pays the lesser of actual cash value (ACV) or stated value and if insureds do not accurately value their equipment, they may receive well under market value if a claim occurs?
In this article, you will learn more about how increasing truck and equipment prices are impacting insureds, as well as what to expect in the coming months as interest rates and coverage restrictions face growing headwinds. We also provide you with access to additional valuation resources and share how you can help clients handle these challenges effectively.
