Business, 21.04.2020 22:30, Rixi1227

In 1995, Schaefer was in a car accident, and his vehicle was damaged. His insurance company looked at his vehicle and gave him money to repair it. However, even with the repairs, Schaefer’s vehicle’s overall value dropped almost $3,000 due to the accident. Schaefer’s interpretation of the insurance company’s written policy was that the company would return the vehicle to its original value before the accident. On the other hand, the insurance company interpreted the written policy as meaning that the company would pay the lesser option of either replacing the vehicle with one of a similar value or paying for repairs. How do courts usually resolve cases of ambiguity in contracts

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In 1995, Schaefer was in a car accident, and his vehicle was damaged. His insurance company looked a...