GILDERMAN v. STATE FARM INS. CO.


437 Pa.Super. 217 (1994)

649 A.2d 941

Alex GILDERMAN and Janet Gilderman, Appellants v. STATE FARM INSURANCE COMPANY.

Superior Court of Pennsylvania.

Filed September 21, 1994.

Reargument Denied November 30, 1994.


Attorney(s) appearing for the Case

Jonathan Wheeler, Philadelphia, for appellants.

James T. Moughan, Philadelphia, for appellee.

Before CIRILLO, SAYLOR and HESTER, JJ.


HESTER, Judge.

The issue presented herein is whether an insurer, which has agreed to pay repair or replacement costs less depreciation in advance of actual repair or replacement of a covered loss, may automatically withhold both depreciation and a flat twenty percent representing contractor overhead and profit from its advance payment. We conclude that it may not and reverse the grant of summary judgment in favor of the insurer in this action.1<...

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