- 22 Mar
Last Resort Insurer Gets Hit with a Massive Verdict
A recent Tampa Bay Times article discusses a case involving Florida’s last resort insurer Citizens Property Insurance. Back in 2007, residents of a Palm Harbor-based condominium began noticing signs of a potential sinkhole, such as cracking walls, doors not closing properly, and depressions inside of the units. Although claims were filed on many of the units, Citizens allegedly did not pay for these damages.
A Pinellas County jury recently reached a verdict against Citizens in which the insurer would be required to pay just over $12 million in order to take care of the repairs and stabilize more than eighty of the homes. However, according to the article, despite acknowledging the damage as well as the presence of sinkhole activity, Citizens is planning to appeal the verdict.
If your home is damaged and you aren’t getting anywhere with your insurance provider, we may be able to help you. For more information on the Citizens case, check out the Tampa Bay Times article at the following link: http://www.tampabay.com/news/business/realestate/Citizens-hit-with-12-7-million-verdict-acted-in-monumental-bad-faith-homeowner-says_166336231.
This information is provided by Miami insurance lawyer Alonso & Perez, LLP. Our areas of practice include bankruptcy, insurance litigation, foreclosure defense, immigration law, and more. Call 305-676-7545 to speak with one of our attorneys or a Miami insurance claims lawyer and receive a free consultation We look forward to working with you.
This information is provided for educational or informational purposes only and should not be construed as legal advice. The information is not provided in the course of an attorney-client relationship and is not intended to substitute for legal advice.