Source: https://www.fmcsa.dot.gov/print/regulations/title49/section/370.9
Timestamp: 2016-07-25 02:33:43
Document Index: 122939391

Matched Legal Cases: ['§ 370', '§ 370', '§ 370', '§ 370', '§ 370', '§ 370', '§ 370', 'art 370', '§ 370', '§ 375']

Home > Regulations > Parts > 370 > § 370.9 > Regulations Section
§ 370.1 Applicability of regulations. § 370.3 Filing of claims. § 370.5 Acknowledgment of claims. § 370.7 Investigation of claims. § 370.9 Disposition of claims. § 370.11 Processing of salvage. Part 370
371 > § 370.9: Disposition of claims.
(b) When settling a claim for loss or damage, a common carrier by motor vehicle of household goods as defined in § 375.103 of this chapter shall use the replacement costs of the lost or damaged item as a base to apply a depreciation factor to arrive at the current actual value of the lost or damaged item: Provided, That where an item cannot be replaced or no suitable replacement is obtainable, the proper measure of damages shall be the original costs, augmented by a factor derived from a consumer price index, and adjusted downward by a factor depreciation over average useful life.
Citation: [62 FR 32042, June 12, 1997, as amended at 78 FR 58478, Sept. 24, 2013]
Source URL: https://www.fmcsa.dot.gov/regulations/title49/section/370.9