Insured Entitled To Conditional Judgment Against Insurance Company.

Three days after an insurance company issued a property policy, burglars caused serious damage to the building by stripping all electrical and other conductive materials. The policy provided two different measures for reimbursing covered damages: the full cost of repairing the damages, so long the repairs were actually made, or the depreciated value of the damaged property. As of the date of trial, the insured had not repaired the damage. The trial court granted a JNOV. The appellate court reversed, concluding the insured was entitled to a conditional judgment if the repairs are actually made. (Stephens & Stephens XII, LLC v. Fireman’s Fund Ins. Co. (Cal. App. First Dist., Div. 1; November 24, 2014) 231 Cal.App.4th 1131 [180 Cal.Rptr.3d 683].)