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Florida Appeals Court Rules in Favor of Homeowners in Dispute Over ‘Actual Cash Value’

By Jeremy Tyler | Posted on January 4, 2018

Section 627.7011(3) of the Florida statutes controls property insurance claims that are filed for ‘full replacement costs’. Under the state’s insurance regulations, if a Florida homeowner files a claim for the replacement cost of their property damage, then the insurance company is required to immediately pay the ‘actual cash value’ of the losses. Then,… Read More »

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