Homeowner’s Insurance • Replacement Cost Coverage • “Actual Cash Value”
Kurach v. Truck Ins. Exch., PICS Case No. 17-0761 (C.P. Philadelphia Apr. 20, 2017) Djerassi, J. (17 pages).
An insurer’s interpretation of “actual cash value” that excluded general contractor’s costs from replacement cost coverage was inconsistent with state law. The court granted plaintiff’s motion for summary judgment.
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