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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Lou Holtz

Testimonials

My husband and I wanted to let you know how helpful you and were after the loss of our home in the Waldo Canyon Fire last year. As you no doubt have already heard; Colorado Springs has been hit with another wildfire, the Black Forest Wildfire. We would like to ask you to please come out and help those affected this year. We know how valuable your knowledge in this area is.

Waldo Canyon Fire Survivor, 2012