Magazine

April 2021

By: Volume: 118, Issue: 4

Personal Auto Market Returning to ‘Old Normal’

The drive to find more affordable coverage was amplified during 2020 as many consumers looked to trim expenses. This has stabilized in 2021 with a return to pre-pandemic trends in shopping and claims.

Can an Insured Dispute a Carrier’s ACV Appraisal of a Vehicle?

The carrier says that a totaled food truck, which is two years old and has driven 22,000 miles, has depreciated over 30%. It bases the price on a “market survey.” Can the insured dispute the appraisal based on actual physical depreciation?

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