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South Carolina

South Carolina Permits Depreciation of Labor When Calculating ACV

July 19, 2021

The issue of whether labor can be depreciated when a property policy does not define the term “actual cash value” (“ACV”) has been resolved in South Carolina.

Tags Actual Cash Value, Broad Evidence Rule, Calculating ACV, Depreciation of labor, Embedded Labor Costs, RCV, Replacement Cost Value, South Carolina, South Carolina Supreme Court, Travelers

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