Washington Court of Appeals Emphasizes Distinction Between “Replacement Cost†and “Actual Cash Value†in Homeowners’ Insurance Coverage
Fine print is tedious, but it matters. That’s the takeaway from the Washington Court of Appeals July 30, 2024 ruling in McKay v. PEMCO Mutual Insurance Company. We’ve blogged before about the distinction between “actual cash value†and “replacement cost†coverage. These are two types of coverage that basically decide when and how much you … Continue reading Washington Court of Appeals Emphasizes Distinction Between “Replacement Cost†and “Actual Cash Value†in Homeowners’ Insurance Coverage
