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Many states follow Valued Policy Law (VPL). ... The policy behind VPL is best summarized by Patterson, where he opines: Patterson, Essentials on Insurance Laws, s 32, pg. 118, attributes the passage of valued policy statues to the indifference of insurance agents to the amount of insurance which their customers needed;
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www.policyholdersofamerica.org/pdf_public/hurricane_cla...
www.policyholdersofamerica.org/pdf_public/hurricane_claims_vpl.pdf
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Recipes for Health: Oatmeal Buttermilk Blueberry Pancakes ... Menopause, as Brought to You by Big Pharma ... In 1885 the Legislature of New-Hampshire enacted a "valued policy" law, and on Sept. 1 of that... [ END OF FIRST PARAGRAPH ]
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query.nytimes.com/gst/abstract.html?res=FB0C12FD3F5E1A7...
query.nytimes.com/gst/abstract.html?res=FB0C12FD3F5E1A738DDDAC0894D8415B8984F0D3
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States that have valued policy laws include Florida, Mississippi and Louisiana, and it had been assumed that, if a home were destroyed, an insurer would have to pay the percentage attributable to a covered peril but would pay nothing for damages caused by an uncovered peril.
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www.insurancecoverageblog.com/archives/first-party-insu...
www.insurancecoverageblog.com/archives/first-party-insurance-us-district-court-in-louisiana-rules-in-insurers-favor-on-states-valued-policy-law.html
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The Florida Supreme Court decided a Valued Policy Law case yesterday -- Florida Farm Bureau v. Cox -- that makes more sense. Click here for ... As the U.S. Fifth Circuit pointed out in the recent Chauvin v. State Farm case, such laws were enacted to prevent insurers from charging a premium based on a high value for property,
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www.insurancecoverageblog.com/archives/first-party-insu...
www.insurancecoverageblog.com/archives/first-party-insurance-florida-supreme-court-valued-policy-law-requires-payment-only-for-covered-portion-of-total-loss.html
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Unfair Claims Settlement Practices Acts and Regulations – links to state-by-state full text of statutes and regulations for all states. (Also in LIRB Search) ... Valued Policy Laws Annotations – State-by-state discussion of the various valued policy laws and applicable case law, plus a distance learning module...
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www.plrb.org/about/aboutus.html
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A valued policy is traditionally defined as ... 2d Insurance §1500 (2009). Valued policy laws, or the so-called “total loss” statutes, were first enacted in the United States in the late 1800s, principally as protective measures for insureds.
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www.propertyinsurancecoveragelaw.com/2009/10/articles/i...
www.propertyinsurancecoveragelaw.com/2009/10/articles/insurance/valuation-issues-in-florida-part-i-the-historical-purpose-of-valued-policy-laws/
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However, under the circumstances, I don't know what else can be done. Again, we'll try to check state WC laws in the affected states and add something about this to this FAQ page if and when possible. Menu ... Those statutes, called Valued Policy Laws, say that insurers must reimburse their customers for the total value of...
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www.iiaba.net/VU/NonMember/DisasterFAQs.htm
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Loss in standard policies was based on a property's cash value at the time of fire, i.e., an "indemnity policy." However, beginning with Wisconsin in 1874, several states legislated valued policies, in which coverage value was determined in advance, i.e., ... By 1915, 22 states had adopted valued policy laws.
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www.irmi.com/expert/Articles/2004/Bogardus09.aspx
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Fine arts coverage is often written on a valued basis. Some states have valued policy laws which require that fire insurance on buildings be treated as valued coverage in the event of a total loss.
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www.irmi.com/online/insurance-glossary/terms/v/valued-c...
www.irmi.com/online/insurance-glossary/terms/v/valued-coverage.aspx
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