If she CHOSE an ACV settlement over the Replacement Cost the court is ordering, the court is exceeding the limits of the contract. That said, FAIR needs to be able to demonstrate the State of CA has reviewed and approved their contracts. Otherwise, they are being sloppy in a regulated environment.
California Fair Plan policies providing Actual Cash Value are better then having your dwelling uninsured.
If she CHOSE an ACV settlement over the Replacement Cost the court is ordering, the court is exceeding the limits of the contract. That said, FAIR needs to be able to demonstrate the State of CA has reviewed and approved their contracts. Otherwise, they are being sloppy in a regulated environment.
ACV settlement applies to construction cost, not market value. This was wrong from the get go.