Florida Rules Against Insurer in Concurrent Loss Case

Florida’s Supreme Court ruled in favor of policyholders seeking coverage on claims where there is the possibility of multiple concurrent losses but with at least one of the losses covered under their policy.

On December 1st the case of American Home Assurance Co. v. Sebo, 141 So. 3d 195 (Fla. 2d DCA 2013) was underway. In this case homeowner, John Robert Sebo, sought a review of the decision from the Second District Court of Appeals that ruled in favor of the insurer, American Home Assurance Co., Inc., which denied coverage on his $8 million “all risks” homeowners policy.

The Florida Supreme Court stated that it is undisputed that Sebo’s all-risk policy included exclusions against faulty, inadequate or defective planning, including for design, materials, and maintenance, as well as the fact that the rainwater and hurricane winds combined with the defective construction to cause the damage to Sebo’s property.

Because of Florida’s tropical weather, you need an insurance agent who knows the best companies to help protect your assets when it turns rough. The American Accord Insurance Agency, located in Naples, understands the needs of area residents and businesses, and what is needed to protect you from financial loss. Not only will you have a resource when things go wrong, but you’ll also have someone to give you the facts before anything happens. If you want to learn more about our services, or are just price shopping right now, we’re ready to chat with you about the many ways home insurance can work for you.

Give American Accord Insurance Agency a call at (239) 430-3500 for more information or use the online form below.

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