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

...had it not been for CARe's workshops, we shudder to think what the end result would have been for us in dealing with the aftermath of the fire and particularly the insurance company....the kindness and GENUINE "CARing" (!), their incredible bank of knowledge, and consistent support is almost beyond comprehension. We hope to be able to pass this same caring and "know-how" on to future victims (God forbid) when the need arises.

2003 Cedar Fire Survivor, San Diego CA