Erie Insurance Depreciation of Labor on Claims Ohio Complaint

March 20, 2020

Materials used to build structures deteriorate over time. So when insurance companies assess the actual cash value (ACV) of a damaged property, they subtract depreciation according to the structure’s age. However, the complaint for this class action alleges that, while it’s fine to depreciate the materials, labor should not be depreciated. It claims that Erie Insurance Company has paid out less than it should to its insureds because it depreciates the labor required to build the structure.

Case Event File: Erie Insurance Depreciation of Labor on Claims Ohio Complaint

Related to: Erie Insurance Depreciation of Labor on Claims Ohio Class Action