Farber v. Perkiomen Mutual Insurance

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• calculating actual cash value by subtracting the building’s 60 percent depreciation from the reproduction cost new of the budding immediately before the fire
• “Because of the building’s age and condition, it had already suffered a depreciation of 60% which gave it an ‘actual cash value’ of $15,774.84.”
• ‘Actual cash value in a policy of insurance [means] what it would cost to replace a building or chattel as of the date of the fire’
• “What the defendant companies insured against was loss to the plaintiff for damage by fire to his building not exceeding the amounts named in the respective policies.”
• dismissing insurer’s concerns as to possible windfall to insured

Source: CourtListener parenthetical corpus (CC0).