TR3driver
Great Pumpkin - R.I.P
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I agree, IF it's explicitly defined in the policy. But that does not make it the legally accepted definition.vagt6 said:The language that exists in your policy determines coverage: that's the only definition that that matters if you have a loss.
Would you like references to the court cases that the insurance companies have lost, because they thought they could redefine the English language without spelling it out in the policy ?
I doubt it will go to court, but they're about to lose again here in CA, because they think they can redefine the word "fraudulent".
<div class="ubbcode-block"><div class="ubbcode-header">Quote:]If your policy in it's physical damage section contains the standard insurance definition of ACV, [/QUOTE]But, mine doesn't. And what I received was based on current market value, without ANY deduction for depreciation.
So, I stand by my original point, which is that not ALL insurance companies try to cheat you. If yours does, I suggest you look for a different one.
Sorry to hear you've been working that long for the er, ... well, nevermind !