Rule applied to calculating the actual cash value of lost property. Under this rule, any evidence about the value of the item is considered admissible. The item's value can also be determined by any means that accurately depicts its true value.
Related information about broad evidence rule:
- Broad Evidence Rule Definition | Investopedia
The broad evidence rule does not specify any one method to value any one piece of property, only that the means which most accurately displays the true cash ...
- broad evidence rule - Insurance Glossary
broad evidence rule - A valuation rule that has evolved in some states and does not adhere to the principle that the traditional measure of actual cash value ...
- Broad Evidence Rule: Definition from Answers.com
Broad Evidence Rule Rule that stipulates how to calculate the actual cash value of property that has been damaged, destroyed, or stolen.
- Insurance Rules for Valuing Damaged or Destroyed Property ...
Jun 2, 2008 ... Application of the broad evidence rule is intended for the insured's benefit, ... The broad evidence rule coupled wth ACV loss valuation would ...
- Appraiser Workshops: A Little Bit on the Broad Evidence Rule
Aug 15, 2008 ... The Broad Evidence Rule (BER) in effect states that "every fact and circumstance which would logically tend to the formation of a correct ...
- : Broad Evidence Rule : Property Insurance Coverage Law Blog
Nov 15, 2009 ... 1954), the Supreme Court of Florida adopted the broad evidence rule and established that in determining the ACV of a damaged or destroyed ...
- The Personal Property Appraisers Post: Broad Evidence Rule
Oct 23, 2009 ... The Broad Evidence Rule (BER) in effect states that "every fact and circumstance which would logically tend to the formation of a correct ...
- What is broad evidence rule? definition and meaning
Definition of broad evidence rule: Rule applied to calculating the actual cash value of lost property. Under this rule, any evidence about the value of the item in ...