Insurers are required to pay only for actual damages and just those resulting from covered perils such as wind storms or fires, not other causes, the Florida Supreme Court decided on Thursday in two rulings that affect homeowner policies. Lower court rulings had allowed victims who had lost homes to hurricanes in 2004 collect up to their windstorm policy limits, even though flooding was partly to blame. Florida law was changed in 2005 to clarify that wind policies don't cover flooding.
September 21, 2007 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
Insurance companies can be required to pay only for actual damages and just those resulting from covered perils such as wind storms or fires — not other causes — the Florida Supreme Court said Thursday in two rulings affecting homeowner policies.
The opinions rejected prior appellate court decisions that let hurricane victims whose homes were a total loss collect up to their windstorm policy limits even though flooding was at least partly to blame.
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