Insurance 101 – Chapter 8 – Volume 84 – The Broad Evidence Rule – 2

The Broad Evidence Rule – 2

In a leading case, followed by at least 11 other states, the New York
Court of Appeal stated that indemnity was the basis and foundation of all insurance law. Where insured buildings have been destroyed, the trier of fact must, in order to effectuate complete indemnity, call upon every fact and circumstance that would logically tend to the formation of a correct estimate of the loss.

The following video was adapted from my book, “Insurance Claims A Comprehensive Guide” Published by the National Underwriter Company and is available at the Zalma Insurance Claims Library

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