Supreme Court of Florida
State Farm Florida Ins. Co. v. Ondis, SC07-1349
Pursuant to the holding in Fla. Farm Bureau Cas. Ins. Co. v. Cox, 967 So.2d 815 (2007), Florida's section 627.702(1), referred to as the valued policy law, does not require an insurance carrier to pay the face amount of the policy to an owner of a building deemed a total loss when the building is damaged in part by a covered peril but is significantly damaged by an excluded peril.
Appellate Information
- Decided 03/27/2008
- Published 03/27/2008
Judges
Court
- Supreme Court of Florida