In a case claiming newly discovered damages from the January 1994 Northridge California earthquake, the court concluded that the undisputed facts before the trial court on summary judgment established that in April 1994, State Farm, after conducting a detailed inspection of the property (except for the individual units to which it was not granted access), determined the replacement cost value for the damage to the condominium complex was $112,977.80 (a sum that did not include any deduction for depreciation). Because this amount of damage was far less than the policy’s $261,239 deductible, State Farm notified the Homeowners Association that it was not entitled to benefits under its policy for earthquake damage.
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