Vandalism Damage Repaired by Insured

December 6, 2011

The form is CA 00 05 03 06. The insured had multiple garage owned vehicles damaged by vandalism. The insured carries comprehensive coverage for garage owned vehicles. The insured is capable of repairing the damage at its own facility. If the insured repairs the vehicles at its own shop, would the insurer owe the insured the retail price of parts, materials and labor, or would the following exclusion apply: We will not pay for your expected profit, including loss of market value or resale value?