Malka & Kravitz, P.A. - Your Construction Law Firm
South Florida Construction Attorneys
Phone: 954-828-2807 | Toll Free: 888-341-9053

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Overhead and Profit Must Be Included In Replacement Cost Coverage Payout

| Jul 29, 2013 | Construction Law, Contract Law, Insurance Claims, Insurance Policies |

Overhead and Profit Must Be Included In Replacement Cost Policy Payout

By: Ian T. Kravitz, Esquire

Your Construction Law FirmTM

In Trinidad v. Florida Peninsula Insurance Company, (Florida Supreme Court, SC11-1643, July 3, 2013) the Florida Supreme Court took up the issue as to whether a property owner was required to actually carry out repairs before being entitled to payment from its insurer for reasonable overhead and profit that would otherwise be incurred in retaining a contractor to carry out such repairs, when the loss was covered by a replacement cost policy. The Supreme Court held that the insured was entitled to such payments as long as they could show that they would be reasonably likely to require a contractor to carry out such repairs.  Read More . . .

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Malka & Kravitz, P.A. - Your Construction Law Firm

1300 Sawgrass Corporate Parkway
Suite 100
Fort Lauderdale, FL 33323

Toll Free: 888-341-9053
Phone: 954-828-2807
Fax: 954-514-0985
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super-lawyers
Distinguished AV LexisNexis Martindale-Hubbell Peer Review Rated for Ethical Standards and Legal Ability
Listed In Best Lawyers The World's Premier Guide
South Florida's Top Rated Lawyers
Certified The Florida Bar Construction Law
The Best Lawyers in America
The Associated General Contractors Of America
ABC Associated Builders and Contractors Inc Member