Insureds’ $1,000 Bankruptcy Valuation of Jewelry Did Not Bar Their Later $44,600 Insurance Claim
A Michigan court has rejected an insurer’s contention that insureds were estopped from claiming that missing jewelry was worth $44,600 because they valued the same jewelry in bankruptcy at $1,000.
An appellate court in Michigan, affirming a trial court’s decision, has rejected an insurer’s contention that insureds were estopped from claiming that missing jewelry was worth $44,600 because they previously valued the same jewelry in their bankruptcy case at $1,000.
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