35 Miss. Code R. § 3-06-02-101
Current through June 25, 2024
In determining the amount of loss deductible under this regulation, the fair market value of the property immediately before and immediately after the casualty shall generally be ascertained by competent appraisal. This appraisal must recognize the effects of any general market decline affecting undamaged as well as damaged property which may occur simultaneously with the casualty, in order that any deduction under this regulation shall be limited to the actual loss resulting from damage to the property.
35 Miss. Code. R. § 3-06-02-101