Archive | Actual Cash Value

Oregon Court Addresses Replacement Cost Requirements

On October 8, 2014, the Oregon Court of Appeals issued an opinion in Patton v. Mutual of Enumclaw Ins. Co., 266 Or App —, — P3d — (2014) (“Patton II”) addressing the period of time an insured has to repair or replace property that was damaged by fire.  This was […]

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Cost of Matching Not Included in Actual Cash Value Payment

The U.S. Court of Appeals for the Third Circuit recently issued an unpublished opinion in Pellegrino v State Farm Fire and Cas. Co., 2014 WL 2446063 (June 2, 2014), addressing whether an insured is entitled to payment for matching materials as part of the actual cash value payment.  Applying Pennsylvania law, the […]

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