Actual Cash Value Depreciation Deduction and the Broad Evidence Rule
In this edition of Adjusting Today we welcome Jerry Trupin, CPCU, CLU, ChFC, who discusses the two fundamental approaches to loss valuation: the Actual Cash Value Depreciation Deduction and the Broad Evidence Rule. Mr. Trupin provides his analysis, examples and professional perspective to combine for an informative article. A similar version of this story will appear in the CPCU’s Society’s Risk Management Interest Group newsletter, Claims Quorum. It is copyrighted by the CPCU Society and republished here with their permission.