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Yes, the 2024 edition is the most current version of USPAP. We will be using the 2024 Edition until a new edition comes out. You do not write it as “2024-2025 USPAP” – it’s just 2024 Edition. Chapter 11 in the Core Course Manual discusses insurance coverage and claims.
Understanding the nuances of property insurance coverage and the claims function is essential for appraisers to effectively carry out their duties. Insurance industry terminology such as risk, premium, loss, deductibles, coverage limits, and perils are some of the fundamental concepts appraisers must grasp.
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