By The Restoration HQ desk · · filed under Claims & Coverage
Florida lets surplus-lines insurers drag policyholders to New York
The policyholder bar is flagging surplus-lines carriers using forum-selection clauses to force Florida policyholders to litigate claims in New York: far from the loss, the property, and the contractor.
FORRead the policy's fine print before the loss so you know which carriers stack the deck, and steer customers toward the ones that don't.
AGAINSTForcing a Florida homeowner to sue in New York over a Florida claim is the carrier telling you up front they never intend to play fair.
Consensus vs. contrarianContrarian: surplus-lines growth is sold as "more options," but the fine print (venue, sublimits, appraisal limits) is where the real cost lands, the operator who reads it becomes the trusted advisor.
Sources Merlin Law Group, www.propertyinsurancecoveragelaw.com/blog/fl… ()
Terms in this story: Supplement