Insure To Value

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

I have immense gratitude for the presentations you made here in Colorado Springs, the last weekend of July. They were relevant, practical and oh SO timely. I deeply appreciate how you cleared away the fog, set us on a firm footing and posted great big signs pointing us in the right direction and telling us how to proceed step by step. Invaluable!!!

Waldo Canyon Fire Survivor, 2012