What principle does the Broad Evidence Rule embody?

The Broad Evidence Rule embodies the principle of considering all evidence available to determine value. This approach allows for a comprehensive assessment of value based on various factors beyond just tangible market metrics. For example, it can include aspects like the condition of the property, relevant sales data, and other situational factors that may affect the valuation process. By considering this broad spectrum of information, adjusters and evaluators can arrive at a more accurate and contextual value assessment that reflects the true worth of the item or property in question.

Options focusing solely on specific metrics, like market value or a fixed formula for calculating actual cash value, do not align with the Broad Evidence Rule's intent. This rule emphasizes a holistic view rather than narrowing the evaluation down to fixed criteria or static values.