Be Prepared

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

Please accept our humble appreciation for all that CARe has done for me and my family. You navigated us through the turmoil of the Tea Fire in Santa Barbara, almost 3 years ago. Thanks to your guidance we were able to recover more insurance funds. We had the Fair Plan, through Allstate. We recovered the additional funds from Allstate. Thank you for all you do.

Tea Fire Survivor, 2008