Posted: Fri Dec 09, 2011 10:42 pm Post subject: |
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Neither. The definition is ACTUAL CASH VALUE. That is:
REPLACEMENT COST MINUS DEPRECIATION.
It could be more than trade in and less than retail, or it could be less than both. It is unlikely to be more than retail. _________________ CA-licensed P&C Broker-Agent and Life Agent. CA Insurance Lic #0596197. Now investigating insurance company abuses, and providing litigation support and expert witness services. Send me your questions, and I'll send you my answers. |
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MaxHerr
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Joined: 29 Nov 2009
Posts: 4604

Location: Pomona CA
207.16 Dollars($)
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