Search FCS
Online Library Subscribe Newsletter Sign-Up Sign In
 

Florida Approves Endorsements that Limit Matching

The OIR has approved endorsement forms from at least eight property insurers.

X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

Matching requirements are a huge issue in insurance. When only part of the covered property is damaged–such as some of the tiles of a roof–and matching replacement tiles cannot be found, should the entire roof be replaced, or can the insurer repair only the damaged part of the roof using mismatched tiles? 

Florida is one of a few states with a matching statute codified in their law. Florida Statutes Chapter 626, Section 9744 states:

“Unless otherwise provided by the policy, when a homeowner’s insurance policy provides for the adjustment and settlement of first-party losses based on repair or replacement cost, the following requirements apply: 

This premium content is locked for
FC&S Expert Coverage Interpretation subscribers.

Enjoy unlimited access to the trusted solution for successful interpretation and analyses of complex insurance policies.

  • Quality content from industry experts with over 60 years insurance experience, combined
  • Customizable alerts of changes in relevant policies and trends
  • Search and navigate Q&As to find answers to your specific questions
  • Filter by article, discussion, analysis and more to find the exact information you’re looking for
  • Continually updated to bring you the latest reports, trending topics, and coverage analysis

Already have an account?
For enterprise-wide or corporate access, please contact our Sales Department at 1-800-543-0874 or email [email protected].

Ray Sugrim

 

Get Answers Directly From the FC&S Experts

Submit your coverage interpretation question to the editors of FC&S for quick and reliable information.

Question of the Week

Insurance Coverage Q&A: What is Held for Rental? ›

When Fair Rental Value coverage is claimed, the property must be held for rental. What criteria is needed for a property to be considered held for rental?

Question of the Week Archive ›

Weekly Highlights

Emerging Risks ›
Litigation Watch ›
Fraud of the Week ›

Fast Things You Need To Know

Copyright © 2024 ALM Global, LLC. All Rights Reserved.