florida valued policy statute


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. In short, the Valued Policy Law provides an insurer is liable for policy limits if a covered loss destroys a covered structure.

Florida Valued Policy Law & Hurricane Irma | Property Insurance

We recently received a requested blog topic for the following: FL Value Policy Law as it would apply with Hurricane Irma. If we have an insured

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

A s an attorney who was personally affected by the hurricanes that ravaged Florida in 2004, the article, “Florida's 'Valued Policy' Law — The Eye of the Storm, ” in

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.

Understanding Florida's Value Policy Law | Florida Insurance

Understanding Florida's Value Policy Law. 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 limits when a covered structure is destroyed by a covered loss.

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

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

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

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