May 27, 2022
Sometimes, proving property damages is easy: you look at the fair market value of comparable items before and after the loss, do some simple math, and you have your amount. Sometimes, however, your damaged property is unique, or its value is determined not by the components that make up the item, but by what happens to it. How will the courts determine the fair measure of damages in those cases? In this episode, Rebecca and Steve discuss how to calculate damages by way of a subject they never thought would come up on this subrogation podcast: the assassination of a U.S. President. What is the intrinsic value of items associated with that dark day? Can you even look to the "fair market value" of the rifle that was used in that crime? What is the value of Oswald's personal effects? Join us as we go beyond replacement cost, depreciation, and purchase price to consider the effect of value to the owner and how to calculate the intrinsic value of Lee Harvey Oswald's own items.