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

---

Inspirational Quotes

I always tried to turn every disaster into an opportunity.

John D. Rockefeller

Testimonials

I can't thank you and the fire survivors group enough for what you provided me as well as countless others in this process. What I learned from you gave me the confidence to move forward. Especially with the insurance company. Knowing what to expect and how to build my case made me comfortable enough to proceed without waiting to see how insurance shook out.

Harris Fire Survivor, 2007