Year:
2011
Court:
Florida Supreme Court
Case Number:
SC11-1643
Issue:
- Contractor’s Overhead and Profit
- Homeowners Insurance
- Replacement Cost Value
State:
- Florida
A homeowner purchased an insurance policy that provided Replacement Cost Value (RCV) coverage on his dwelling. A policyholder reasonably expects that by paying an additional premium for this type of coverage, (which is superior to “actual cash value” (ACV) coverage), he or she will recover…