Monthly Archives:' February 2016

February 01, 2016

THE GHOST INSIDE FLORIDA'S "ALL RISK" POLICY WATER LOSS COVERAGE

Published by AAPIA on February 01, 2016 http://www.aapia.org/community/home.php

All across Florida, insurers have been subtly making moves for years to limit coverage for water losses.  Without a major hurricane in a decade, Florida’s insurers now complain that water loss claims are their highest risk and have in Pac-Man™ fashion chomped away water loss coverage until all that remains in many “all risk” policies is a little blinking blue ghost of coverages past.  At first, seepage and leakage was excluded only if one of the insureds knew about it.  Now, it may only be covered if you can prove it has existed for no more than 14 days.  But, wait, it gets worse.

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