The measure of a first party property damage claim was presented by John Hubble and me last week at the Texas Association of Public Insurance Adjusters (TAPIA) Conference. Here is a link to the handout I made for Texas Measure of Damages for First-Party Property Losses.
If you read through the handout, you will see a series of questions which those in the audience had a chance to answer. I have found that most audiences fall asleep when lawyers start talking law. It is very boring. Audience participation is a key to great learning. If conducted properly, questions and answers by the audience allow everybody to learn. So, if you were not in the audience, you missed out!
The paper also has some reference materials towards the back regarding various value issues including matching, overhead and profit, and the "three-trade rule."
Do you want to know the answers to the questions? Here is a link to our PowerPoint with the answers regarding various issues of Texas loss valuation.
Next time, show up. You will learn even more or I guarantee your admission price back.
Positive thought for the day:
"We can complain because rose bushes have thorns, or rejoice because thorn bushes have roses."
— Abraham Lincoln