Tennessee Supreme Court Determines Depreciation is Ambiguous and Thus Labor Will Not be Depreciated
The Supreme Court of Tennessee has decided that when calculating the actual cash value (ACV) of property damage, the labor cannot be depreciated.
May 20, 2019 at 06:00 AM
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The Supreme Court of Tennessee has decided that when calculating the actual cash value (ACV) of property damage, the labor cannot be depreciated. The case is Lammert v. Auto-Owners (Mut.) Ins. Co., No. M2017-02546-SC-R23-CV, 2019 Tenn. LEXIS 169 (Apr. 15, 2019).
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