Policies may not cover the drywall
Monday, June 8, 2009 posted by kathy
By Aaron Kessler
ORLANDO – It may not be the sexiest of topics, but the intricacies of insurance policies may prove to be paramount in deciding who winds up footing the bill for the tainted drywall eating away at homes in Florida and other states.
The topic took center stage Friday at a Chinese drywall litigation conference in Orlando. The aspect receiving perhaps the most attention was pollution.
An increasing number of affected residents are turning to their homeowners insurance policies for help after discovering they are victims of tainted drywall.
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We submitted a claim to our homwowners insurance ans were denied based on defective materials used in the construction of our home. Now we wonder if our policy will be canceled next. What a nightmare to invest so many years into building equity and have it all vanish from defective materials from China. I suggest we deduct it from the Chinese billions of dollars they have in US Tbills and call it even.