Taxes and Associated Fees In Acquiring A Replacement Vehicle Are Not Required To Be Calculated As The Automobile’s ACV When Dealing With A Physical Damage Claim
The 6th Circuit Court of Appeals recently held in Wilkerson v. American Family Insurance Co., 997 F.3d 666 (6th Cir. 2021) that ACV meant market value in a standard automobile policy and that market value did not include the taxes and fees that the insured needed to...