Insurance 101 – Chapter 8 – Volume 73 – Determine the Amount of the Loss

Determine the Amount of the Loss

The Standard Fire Insurance Policy

The Standard Fire Insurance Policy has provided, in essentially the
same language since 1909: “In consideration of the provisions and stipulations herein … this company does insure the above named insured … to the extent of the actual cash value of the property at the time 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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The author and publisher disclaim any liability, loss, or risk incurred as a consequence, directly or indirectly, of the use and application of any of the contents of this blog. The information provided is not a substitute for the advice of a competent insurance, legal, or other professional. The Information provided at this site should not be relied on as legal advice. Legal advice cannot be given without full consideration of all relevant information relating to an individual situation.

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