Amicus Library

Depreciation

Depreciation

Florida

In its amicus curiae brief, United Policyholders argues that “actual cash value” payments should include the depreciated value of undamaged property to be replaced under Florida’s matching statute.

Butler v. The Travelers Home & Marine Ins Co et. al.

Year: 2021

Court: United States District Court for the District of South Carolina

Case Number: 2020-001285

Issue:

Depreciation

State:

South Carolina

In its brief, UP presents this question to the Court: “When a homeowners’ insurance policy does not define the term “actual cash value,” may an insurer depreciate the cost of labor in determining the “actual cash value” of a covered loss when the estimated cost…