Tag Archives: Florida Sinkhole Claims
Property Insurance Watch: Florida Appeals Court Overturns Trial Court in Sinkhole Claim
On August 16th, 2017, Florida’s Second District Court of Appeal overturned a lower court decision in the case of Omega Insurance Company v. Wallace. The proceedings involved a dispute over exactly what type of repairs the insurance company had to make after a Florida property suffered major sinkhole damage. Here, our experienced Fort Lauderdale… Read More »
Florida Passes New Sinkhole Law
Recently, Florida Governor Rick Scott signed Senate Bill 1274 into law. The new law goes into effect on July 1, 2016, and will let Florida insurance companies offer a new type of limited sinkhole insurance coverage. The bill is a response to a 2011 law that had some unintended consequences. Florida homeowners will now… Read More »
Sinkhole Claims in Florida: The Importance of a Signed Contract
According to the Florida Department of Environmental protection: “Sinkholes are a common feature of Florida’s landscape.” Unfortunately, the typical homeowners insurance policy excludes coverage for sinkhole losses. However, it may be added via endorsement. The typical endorsement for sinkhole coverage provides that a “sinkhole loss” (defined as “structural damage to the principal building, including… Read More »