Shaun Marker – February 3, 2014 Those handling fire losses and dealing with Florida’s Valued Policy Law may not have come across a provision in the statute dealing with the insurance carrier’s option to rebuild. It seems counter-intuitive that a statute meant to address the measure of damages in total losses would provide a provision… Continue reading Navigating Florida’s Valued Policy Law – Right to Rebuild in the Statute
Tag: Valued Policy Law
Navigating Florida’s Valued Policy Law–What Is A Total Loss?
Shaun Marker – January 27, 2014 Last week we started a discussion on Florida’s Valued Policy Law.1 Florida’s Valued Policy Law has many intricacies; too many to discuss in a single post. We will be looking at a few of the statute’s interesting parts in the next few weeks. Hopefully these discussions will cover areas… Continue reading Navigating Florida’s Valued Policy Law–What Is A Total Loss?
Navigating Florida’s Valued Policy Law–Partial Loss By Fire Or Lightning
Shaun Marker – January 20, 2014 Several states have valued policy laws (“VPL”) that address situations when policyholders should be paid policy limits for total losses. I have recently had discussions with several experienced adjusters encountering unique circumstances involving Florida’s VPL. As I mentioned to them, it is amazing how you can practice for years in… Continue reading Navigating Florida’s Valued Policy Law–Partial Loss By Fire Or Lightning