Although the value of a third-party liability insurance claim often can be determined in a straightforward way by simply adding the amount of a judgment or settlement to the costs of defending the claim, the amount of a first-party insurance claim like a property claim may be subject to varying valuation approaches.
The Diminishing Value of Depreciation Defenses
The amount of a first-party insurance claim may be subject to varying valuation approaches, often depending upon whether the policyholder repairs or replaces the damaged property, and the range of valuation options will be established by the policy language,
By
Paul A. Rose and Elizabeth E. CollinsThis premium content is locked for LawJournalNewsletters subscribers only
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