Quote:
Originally Posted by Carter08
The policy language will drive everything but when there is an insured loss valuation is typically a hot button issue, often involving competing experts. The results of a fake auction or any recent auction could be a data point in one side’s arsenal but, depending on policy language, would probably not carry the day.
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I know fraudulent and fraud are similar words, but if someone had a fake auction, but didn't take any payment(s) for anything, they didn't commit fraud, correct?