14 Va. Admin. Code § 5-400-90

Current through Register Vol. 41, No. 9, December 16, 2024

Section 14VAC5-400-90 - Claims settlement standards applicable to property policies

When an insurer prepares an estimate of the cost of repairs to property, the estimate shall be an amount for which the damage may reasonably be expected to be satisfactorily repaired. The insurer shall give a copy of the estimate to the claimant.

Derived From Virginia Register Volume 33, Issue 22, eff. 1/1/2018.

Statutory Authority: §§ 12.1-13, 38.2-223, and 38.2-510 of the Code of Virginia.