florida valued policy law


The Value in Florida's Valued Policy Law: The Importance of Being

627.702 Valued policy law.—. (1)(a) In the event of the total loss of any building, structure, mobile home as defined in s. 320.01(2), or manufactured building as

Florida Statute §627.702 - Statutes & Constitution :View Statutes

The Value in Florida's Valued Policy Law: The Importance of Being Adequately Insured. Florida Statute §627.702 is Florida's Valued Policy Law. For the Valued Policy Law to apply, two requirements must be met: (1) the loss must be caused by a covered peril, and (2) the structure but be a total loss.

Florida Valued Policy Law & Hurricane Irma | Property Insurance

Florida has a healthy bank of cases concerning the Valued Policy Law. However, many concern outdated statutory language. The current

Florida's “Valued Policy Law”: Clarifying Some Recent

” As stated in Mierzwa, this statute is “simple and straightforward.” I t plainly requires insurers to pay the full policy limit if a structure is deemed a total loss and damage was caused by a peril covered in the policy. And, when the language of a statute is clear, Florida courts must give effect to it.

Solving One of the Greatest Mysteries of Florida Property Law

Florida Statute 627.702, better known as Florida's Valued Policy Law, in a nutshell, provides that when any building or structure sustains a total loss as a result of covered peril or a partial loss as a result of fire, the liability for said loss shall be the amount of money for which the property was insured.

What is Florida's Valued Policy Law? | J.P. Gonzalez-Sirgo, P.A.

Codified in Florida Statute §627,702, Florida's Valued Policy law is one of the most insured friendly pieces of insurance legislation in the state. The Florida

Florida's Valued Policy Law vs. Appraisal Provision - Groelle

Florida's 1st District Court of Appeal recently had the opportunity to address a unique situation pitting the requirements of Florida's Valued Policy law against a

Florida's "Valued Policy" Law - The Eye of the Storm | Butler

Florida's valued policy law, Florida Statutes § 627.702, [1] was first enacted in 1899. Since then, the statute has undergone a number of

Understanding Florida's Value Policy Law | Florida Insurance

It is Florida Statute § 627.702, also known as “Valued Policy Law.” This law establishes that an insurer will be liable for an insurance policy's

627.702 - Valued policy law. :: 2016 Florida Statutes :: US Codes

627.702 Valued policy law.—. (1)(a) In the event of the total loss of any building, structure, mobile home as defined in s. 320.01(2), or manufactured building as