CARe News

Colorado follows the Broad Evidence Rule for the purposes of calculation of actual cash value.

The relevant case on this topic is Nebraska Drillers v. Westchester Fire Insurance Company.(1) In this case, the insured commenced an action to recover for an alleged fire loss to quantities of supplies and equipment under a policy that provided that the measure of payment under the policy was the actual cash value of the property at the time of the loss and that the loss should be ascertained according to such actual cash value with proper deduction for depreciation. 

Read More:
http://www.propertyinsurancecoveragelaw.com/2015/05/articles/insurance/calculating-actual-cash-value-part-9-colorado/index.html

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Testimonials

You guys are a godsend. I wanted to thank you for your assistance and support in the rebuild of my home from the Freeway Complex Fire in Nov 2008. We have moved back and my family could not be happier, many of my neighbors are still struggling to rebuild their homes. I don’t know what I would have done without your help during those first few months. 

2008 Freeway Fire Complex Survivor, Yorba Linda CA