Fifth Circuit Holds That Sales Tax is Not a Component of Actual Cash Value
The Property Insurance Law Observer
JULY 29, 2024
Actual cash value of the stolen or damaged property less the deductible; or 2. Amount necessary to repair or replace the property with other property of like kind and quality less the deductible. Payment of loss We may pay for loss in money or repair or replace the damaged or stolen property. Emphasis added.
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