No Coverage for Replacement Cost Until Damage Property Actually...

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2020-10-20 15:11:26 -

No Coverage for Replacement Cost Until Damage Property Actually Replaced

Appellate Court Refuses to Rewrite Policy Terms to Assist the Plaintiff When a Plaintiff claimed that it was entitled to replacement cost benefits under an insurance policy issued by defendant, based on damage to plaintiff’s warehouse from a storm. Defendant paid plaintiff a total of $165,952.85 under the policy, based on the actual cash value (ACV) for damage to HVAC systems on the...

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