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

The resources you provided, and the general meetings for fire survivors that CARe sponsored in our area offered incredible amounts of information. The meetings also gave an opportunity to confer and commiserate with other fire victims and to observe how much your services aided them as well. The open forums gave all victims the opportunity to share experiences so that we could measure our own reality based, progress. The one on one personal consultations with you enabled me to address concerns that were specific to our particular circumstances and added a measure of comfort to the overall, very stressful process. Most importantly, is that the great faith my husband and I had in our insurance company proved to be well founded. Your analytical assessment, based on researched knowledge, was a solid ratification of what the company did for us. We had no doubts about the settlement offer and signed it without hesitation and absolutely no looking back. Thank you again.

Witch Creek Fire Survivor, 2007