Tag Archives: Valuation Clause

Does Actual Cost Value Equal Fair Market Value When it Comes to Property Damage?

When reading insurance policies it can be confusing to a policyholder regarding the differences in valuation of real property and personal property when terms like “fair market value”, “actual cost value”, and “replacement cost value” are referenced without explanation. Insurance companies use these terms as if everyone should understand their meaning and sometimes, these terms … Continue Reading

The Value Of Valuation Clauses–Gold Exists In The Small Print Of Your Property Insurance Policy

Kelly Kubiak burst into my office jubilant in her recent victory over Great American Insurance Company. She received an Order granting her Motion for Summary Judgment in a case where the central dispute involved the interpretation of the valuation clause of an insurance policy. We so often talk about the problems of causation that we fail to … Continue Reading