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Diminution of Value ExcludedDiminution of Value Excluded See the full video at https://lnkd.in/guZ6kXMx and See the full video at https://lnkd.in/gfzZKavH and at https://lnkd.in/gqBTFDuU; and https://zalma.com/blog plus more than 4700 posts. Public Policy Argument Fails for Lack of Evidence of Statute or Judicial Statement Post 4716 Following a car accident, Kenan Watkins (“Watkins”) filed a diminished...0 Comments 0 Shares 3K Views
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The Value of RespectAt the end of the Civil War at Appomattox Courthouse, General Robert E. Lee met with General Ulysses S. Grant to secure the conditions of surrender. After Lee had secured the conditions beneficial to his men it was required that every member of the Army of Northern Virginia was to surrender to union forces. Of all the officers of general rank that Grant had to give the honor of receiving the...0 Comments 0 Shares 4K Views
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What is Actual Cash ValueInsurers, working without legislative or judicial direction, created a working definition of the term “actual cash value.” Read the full article at https://lnkd.in/gAe9qn3B and see the full video at https://lnkd.in/g4gqfKXW and at https://lnkd.in/gU4TfmFX and at https://zalma.com/blog plus more than 4300 posts. Posted on September 28, 2022 by Barry Zalma Insurers,...0 Comments 0 Shares 4K Views
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ACV first then RCV When Actually RepairedInsurer Properly Held Back Depreciation Before it was Obligated to Pay for Full Replacement CostRead 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...0 Comments 0 Shares 5K Views
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Arson and RestitutionArson and Restitution Read the full article at https://lnkd.in/gzzUfUGN and see the full video at https://lnkd.in/geMcWHvZ and at https://lnkd.in/gMMPBxAw and at https://zalma.com/blog plus more than 4700 posts. Convicted Arsonist Must Pay Restitution A fire at a residential property destroyed several structures and made nearly all of the owner’s personal property unsalvageable. M.W....0 Comments 0 Shares 3K Views
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Insurance Policy Conditions Must be AppliedInsurance Policy Conditions Must be Applied Roof Damage Insurance Disputes ResolvedPost 4836 Read the full article at https://lnkd.in/gfuR4YEC, see the full video at https://lnkd.in/gXVGAZ-9 and at https://lnkd.in/ghHHwcM3 and at https://zalma.com/blog plus more than 4800 posts. Roof damage insurance disputes are common. April Point South Property Owner’s Association, claims that...0 Comments 0 Shares 1K Views
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Insured Obligated to Set Policy LimitInsured Obligated to Set Policy Limits Read the full article at https://lnkd.in/gH6NPReP, see the full video at https://lnkd.in/g-fuxbtS and at https://lnkd.in/ghZPfRTQ and at https://zalma.com/blog plus more than 4500 posts. Nebraska Valued Policy Fails Insureds Mark and Michelle Callahan sued their insurer and its agent, seeking to recover damages after their home was destroyed in a fire. The...0 Comments 0 Shares 4K Views
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No Coverage for Replacement Cost Until Damage Property Actually ReplacedAppellate 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...0 Comments 0 Shares 4K Views
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No Indemnity for Old DamageMinnesota Statute Does not Require Insurer to Pay to Bring Church Property up to Code From Damage Predating Loss Read the full article at https://lnkd.in/gCg-xeCi and see the full video at https://lnkd.in/gWDAee5m and at https://lnkd.in/gXvrZxyM and at https://zalma.com/blog plus more than 4350 posts. St. Matthews Church of God and Christ (St. Matthews) is located in St. Paul, Minnesota sued...0 Comments 0 Shares 4K Views
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Replacement Cost Coverage LimitedReplacement Cost Coverage Limited Courts May not Rewrite Clear & Unambiguous Policy Post 4844 Read the full article at https://lnkd.in/gqyTfnKs, see the full video at https://lnkd.in/g8xMiaTd and at https://lnkd.in/gEHV89Jw, and https://zalma.com/blog plus more than 4800 posts. In Universal Property & Casualty Insurance Company v. Irma Qureshi and George Guerrero, No....0 Comments 0 Shares 1K Views
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Unambiguous Policy Condition Must be EnforcedTo Obtain Full Replacement Cost Insured Must Repair or Replace Within Two Years of Loss Read the full article at https://www.linkedin.com/pulse/unambiguous-policy-condition-must-followed-barry-zalma-esq-cfe and at https://zalma.com/blog plus more than 3900 posts. Railroad Avenue Properties, LLC (“Railroad Avenue”) sued Acadia Insurance Company (“Acadia”) for breach...0 Comments 0 Shares 4K Views
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Undistributed Offsetting Receipts: Offsetting what?One thing I can suggest to OMB. If you are going to clarify things in the Budget of the United States, even if you omit in some tables Undistributed Offsetting receipts, which are revenues generated that offset expenses--here and there, you should at the same time product a table that adjusts for working/available funds for Federal functions and Cabinet agencies: what BOTH agencies and...1 Comments 0 Shares 4K Views
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