Property Insurance Claims and the Broad Evidence Rule: Negotiating and Litigating the Amount of Indemnity
A live 90-minute CLE video webinar with interactive Q&A
This CLE webinar will offer insurer or policyholder counsel guidance on negotiating and litigating the value of property losses using the broad evidence rule.
Outline
- ACV vs. RCV coverage defined and distinguished
- Historical development of broad evidence rule
- Completing the proof of loss
- Factors considered
- Discovery best practices
- Selection and use of experts
- Effect of co-insurance or endorsements
- Total and partial losses
Benefits
The panel will review these and other important issues:
- Whether specialized maintenance or upgrades done by the insured should be taken into account
- What deductions should be made in recovery for the fact that the insured may be getting new for old (a new or improved property)?
- Why has the broad evidence rule become the prevailing approach?
Faculty
Richard W. Boone, Jr.
Partner
Wilson Elser
Mr. Boone focuses his practice on a wide range of corporate, executive and professional liability matters as both... | Read More
Mr. Boone focuses his practice on a wide range of corporate, executive and professional liability matters as both coverage and defense counsel. He has appeared on behalf of insurers, entities and individuals before federal and state courts throughout the United States at both the trial and appellate levels. Mr. Boone also has extensive experience in resolving legal issues prior to litigation, which includes everything from monitoring sensitive and complex insurance coverage matters to representing clients in a variety of federal, state and internal investigations. He has also advised numerous established and startup companies regarding corporate governance matters and currently serves as a director or adviser on several corporate boards.
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Eric G. Cheng
Partner
Wilson Elser
Ms. Cheng is well versed in the area of design professionals liability claims. Educated as an architect, he has advised... | Read More
Ms. Cheng is well versed in the area of design professionals liability claims. Educated as an architect, he has advised a number of domestic and international design professionals in contract negotiation, risk management, insurance procurement and potential pitfalls in domestic and overseas projects in Asian countries, including China. Mr. Cheng is a native of Hong Kong, China, and is fluent in Cantonese, Mandarin and English.
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Megan Mumford Myers
Attorney
Covington & Burling
Ms. Mumford Myers represents corporate policyholders in complex, high-stakes insurance coverage disputes and... | Read More
Ms. Mumford Myers represents corporate policyholders in complex, high-stakes insurance coverage disputes and litigation. She has helped policyholders recover from first-party losses and fund defense and settlement of third-party claims under a wide range of insurance policies, including property, cyber, general liability, Directors & Officers, and Errors & Omissions policies.
CloseEarly Discount (through 01/31/25)