If a CP 00 10 and CP 10 30 policy is purchased for a rental property through an E&S carrier, does the valued policy
is one which specifies the agreed value of the subject matter insured.
Bonus amount has been included in all with-profit policies of the valued Policy
On Monday, government spokesman Nicos Christodoulides tried to reduce the issue to a disagreement on ethics and civic duty which Georghadji needs to set right, while Finance Minister Harris Georgiades came out in her defence as a valued policy
Holderby is a founding leader of the Massachusetts Association of Community Health Workers, nurturing the organization from "its extremely humble beginnings to its current state as a well-recognized and valued policy
advocate for improving the health of Massachusetts communities," Hirsch wrote.
The Landrys sued, claiming that a 108-year-old state statute--the valued policy
law (VPL)--requires insurers to pay the face value of a homeowners' insurance policy when an insured home is completely destroyed.
Another particularly important state statute, in the context of hurricane losses, is the Louisiana Valued Policy
In "Florida's 'Valued Policy
Law': Clarifying Some Recent Misconceptions" (Dec.
In a blow to Florida's property insurers, that court, interpreting that state's long-standing "valued policy
law," allowed the insured to recover policy limits trader wind coverage, even though the insured received a substantial payment for flood damage under the National Flood Insurance Program (BestWire, June 2, 2005).
"What we are finding now is that there have been offbeat interpretations of the valued policy
law, which seriously affects home and commercial insurers who don't write flood insurance and forces them to pay for flood damage."
4th DCA 2004 the bill provides legislative intent that the valued policy
law is not intended to create new or additional coverage, or to require an insurer to pay for a loss caused by a peril other than the covered peril.
If its valued policy
provides for $5,000 a day in business interruption payments, the company would be paid $250,000.