Homeowners’ Replacement Cost Insurance
One case we're handling involves mobile homes which were destroyed by hurricanes. Defendants in the case include the Liberty American group of companies and their current or former parent entities, Philadelphia Consolidated Holding Corporation or Tokio Marine. The central allegation of the case is that the insurance policy on its face provides replacement cost coverage, but the defendants settled with homeowners on a policy limits basis. The defendants lost motions to dismiss and are appealing to a higher court. We're also investigating a company called "Pacific Specialty" for similar problems.
Our firm is currently investigating insurance companies that allegedly provide full replacement cost coverage in their homeowners' insurance policies but don't. If you have information about this issue or a related concern about homeowners' insurance, please contact us using the form below or call our toll-free number, 800-400-1098.
Our consultations with potential clients are free.