What do these abbriviations mean when a owner fixes a total

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PostPosted: Sat Dec 19, 2015 11:09 pm   Post subject: What do these abbriviations mean when a owner fixes a total  

car ? (ACV means what ?) (UPD means what ?)and (Total ACV means what ?)

vern0058
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PostPosted: Sun Dec 20, 2015 7:58 am   Post subject:   

ACV = Actual Cash Value = replacement cost minus depreciation



I have no clue what UPD is, but it probably has something to do with depreciation, and factors into the Total ACV, which is also a mystery.



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PostPosted: Thu Dec 24, 2015 6:54 am   Post subject: UPD: Uninsured Property Damage  

UPD: Uninsured Property Damage

Basically, if you have this coverage - it covers for your vehicle if it is damaged by another uninsured vehicle. There is a cap on the amount of coverage and it can vary by state. So if this applies to your situation you can contact your insurer to get more details.

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PostPosted: Thu Dec 31, 2015 5:15 am   Post subject:   

This is normally abbreviated UMPD -- for Uninsured Motorist Property Damage. "Uninsured Property Damage" makes little sense -- that would make more sense if it referred to an insured's property EXCLUDED from coverage.



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PostPosted: Wed Jan 06, 2016 11:22 am   Post subject:   

ACV stands for Actual Cash Value which is a method of calculating the value of insured property. UPD stands for Uninsured Property Damage.



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PostPosted: Sun May 08, 2016 6:13 pm   Post subject:   

Need context of the UPD abbreviation.



It's potentially abbreviating Unrelated Prior Damage. Which you will see on estimates to show areas of damage that aren't part of the claim. On totals unrelated prior damage may also reduce the settlement offer to account for the condition of the vehicle.

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PostPosted: Sun May 08, 2016 6:15 pm   Post subject:   

Need context of the UPD abbreviation.



It's potentially abbreviating Unrelated Prior Damage. Which you will see on estimates to show areas of damage that aren't part of the claim. On totals unrelated prior damage may also reduce the settlement offer to account for the condition of the vehicle.

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