Obsolescence Archives - MLR Legal Team

Economic Obsolescence Not Considered in Calculating Actual Cash Value

Post author:Scott MacLaren
Post published:June 20, 2014
Post category:Actual Cash Value / Homeowner's and Property Insurance / Obsolescence
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On June 17, 2014, the U.S. Court of Appeals for the Sixth Circuit addressed the meaning of the term “obsolescence” as used in an insurance policy in the context of…