Insurer Properly Held Back Depreciation Before it was Obligated to Pay for Full Replacement Cost
Read the full article at https://lnkd.in/gSqMtX8 and at https://zalma.com/blog plus more than 3550 posts.
In an insurance coverage dispute, plaintiff Jeanette Lanier appealed from a Law Division order granting summary judgment to defendant Farmers Mutual. In Jeanette Lanier v. Farmers Mutual, DOCKET NO. A-1398-19T2, New Jersey (December 31, 2020) the court dealt with the need to actually replace before a homeowners insurer is required to pay full replacement cost.
ZALMA OPINION
It is axiomatic that clear and unambiguous language in an insurance policy contract is always enforceable. The language of the policy allowed the insured to collect the actual cash value of the loss and, after completing repairs, request the held back depreciation. She did not do so but, rather, filed an overzealous and early lawsuit – ignoring the ability to have the amount of loss determined by disinterested appraisers but concluded, unilaterally, that the calculation of the insurer was based upon would “do bad, shoddy work.”
-
- EXPLORE
-
-
-
-
-
-
-
-
Search
Categories
- Art
- Causes
- Crafts
- Crime
- Dance
- Drinks
- Film
- Finance
- Fitness
- Food
- Games
- Gardening
- Health
- Home
- Literature
- Music
- Networking
- Paranormal
- Other
- Politics
- History
- Party
- Science
- Religion
- Shopping
- Sports
- SyFy
- Politically Incorrect
- Philosophy
- Theater
- Technology
- Wellness
Read More
No Privity No Right to Sue
Read the full article at https://lnkd.in/g7_Tvisk and see the full video at...
Zalma's Insurance Fraud Letter - March 15, 2023
Zalma’s Insurance Fraud Letter – March 15, 2023
Read the full article at...
Use of House Counsel and Requirement that Adjuster && Attorney Work Together to Defend Insured
Use of House Counsel and Requirement that Adjuster & Attorney Work Together to Defend...
BREAKING: CNN's Jeffrey Toobin Fired by New Yorker After Whackin' Off On Zoom
Author and legal analyst Jeffrey Toobin just got canned by The New Yorker -- the magazine where...
LEFTIST LIBERAL MARXIST TOTALITARIANS
Where the hell do these tyrants get off having 2 standards...OUR violence on social media...