Faulty Drywall Not Covered By Home Insurance
January 20th, 11Faulty drywall is causing some Florida homeowners to lose their insurance coverage. According to UPI.com, Citizens Property Insurance announced it won’t cover homes that have extensive damage caused by sub-par Chinese drywall. According to reports, the drywall smells bad, corrodes metal and causes other issues.
Citizens Property Insurance, a government entity and non-profit, already dropped coverage on two homes that were vacant. UPI.com says that 58 homes have filed claims for having the bad drywall over the last year and a half according to the insurance company’s spokeswoman Christine Ashburn. Several other insurance companies have denied coverage for similar issues with drywall.
Ashburn says that it’s the company’s policy to never cover existing damage. “If a home has existing damage, we will not provide coverage for the property unless the damage is repaired, or we are provided with proof of intent to repair the property,” Ashburn told UPI.com. The company’s move to pull coverage from some homeowners experiencing drywall problems is prompting questions from lawmakers. “I am concerned about the effect of Citizens’ nonrenewal or cancellation decision on the tens of thousands of Floridians suffering through the nightmare of tainted drywall, especially those who are unable to find affordable coverage in the voluntary insurance market,” Sen. Bill Nelson wrote according to the Sun Sentinel.
Tags: Disaster Accident, property insurance, Florida homeowners, government, Faulty, spokeswoman
