Opinion ID: 1373031
Heading Depth: 3
Heading Rank: 3

Heading: Prejudgment Interest on Value of Plane

Text: In his cross-appeal, Sheehan argues that he is entitled to prejudgment interest on the pre-accident fair market value of his plane, calculated from the time of the accident through the date the plane was returned to him in airworthy condition. PWC contends that the entire value of the airplane is irrelevant because where, as here, the damaged item can be economically repaired the appropriate measure of damage is the reasonable costs of repair. The superior court found: [There is] no support for Sheehan's argument that at his election he may recover prejudgment interest on the entire value of the airplane prior to the crash. Sheehan could have proven any loss of use damages at trial. He chose not to do so. A unilateral substitution of prejudgment interest on a total constructive loss theory is not permitted. We agree with the superior court. We have found no authority for awarding prejudgment interest on the full value of the damaged goods in addition to repair damages alleged in the underlying claim. Since Sheehan did not raise the issue of loss of use damages at trial, we affirm the superior court's disposition of this issue.