Labor Costs Not Excluded From Depreciation When Determining Actual Cash Value

January 21, 2019
Tred R. Eyerly - Insurance Law Hawaii

The court dismissed a class action suit against State Farm which sought to establish that a calculation of actual cash value (ACV) in a homeowners policy could not depreciate the cost of labor. Cranfield v. State Farm Fire & Cas. Co., 2018 U.S. Dist. LEXIS 199618 (N.D. Ohio Nov. 26, 2018)

Mr. Eyerly may be contacted at te@hawaiilawyer.com



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