Discover how recoverable depreciation in home insurance covers replacement costs, impacts claims, and ensures full recovery of your belongings' value.

The Law Society has urged the government to enshrine the ongoing exemption of housing cases from the fixed costs regime. The Ministry of Justice has already committed to keeping the exemption in place ...

The extended fixed recoverable costs (FRC) system has come under scrutiny due to its ambiguity, which affects both injured individuals and law firms, according to the Association of Personal Injury ...

Sunk costs are unrecoverable and should not influence future spending decisions. Not all fixed costs are sunk; some can be recouped, like equipment resale. Sunk costs can result from both everyday ...