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re: Totaled vehicle, what happens next?
Posted on 12/10/22 at 7:51 pm to weadjust
Posted on 12/10/22 at 7:51 pm to weadjust
quote:In Louisiana, NADA is literally, in the law. ACV as determined by NADA.
They don't use NADA or Retail value. It's actual cash value
Im sitting here trying to remember the advisory letter number from the insurance commissioner that came out in 2007 about this, but I can’t. The sad thing is, it was revised in 2021. The revision was the deletion of the last paragraph. What was the last paragraph? It listed all the insurance companies that agreed to it. I have a copy of both at my office. frick James Donolon.
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