Go Back   InterNACHI Inspection Forum > Local Inspection Issues > Florida Inspectors

Notices

Florida Inspectors This is a place for Florida InterNACHI inspectors to discuss Florida inspection topics, wind mitigation inspections and 4-point inspections.

Reply
 
LinkBack Thread Tools
  #1  
Old 1/19/13, 1:43 PM
John Shishilla, CMI's Avatar
John Shishilla, CMI John Shishilla, CMI is offline
InterNACHI Member
 
Join Date: Jul 2008
Location: Melbourne, FL
Posts: 4,985
Default Covered Perils

Inspectors may be more likely to be sued because of this little change.


Quote:
As required by Florida Law, Citizens will begin offering the Citizens Homeowners 8 – Modified Coverage Form (CIT HO-. This policy will be available effective February 28, 2013.

Agents are expected to be aware of the coverage restrictions in the CIT HO-8 and be able to explain them carefully and fully to prospective policyholders. Failure to do so could result in an applicant not fully understanding the significant limitations of the CIT HO-8 policy and increased E&O exposure to the agency.

The HO-8 policy is a named-peril policy that covers dwelling repair based only on common construction materials and methods as required by Florida Statute 627.351(6)(c)1.g. The new CIT HO-8 policy provides highly restrictive coverage that will pay policyholders significantly less in the event of a loss than the traditional CIT Homeowners 3 (HO-3) policy. This means it is most appropriate for homeowners who have the financial resources to cover a larger portion of a potential loss.

Although HO-8 policies can cost significantly less than traditional HO-3 policies, Citizens recommends extreme caution for homeowners considering purchasing the HO-8 policy strictly for the cost savings. Because of the policy’s major exclusions and lower payouts, there is the potential, in the event of a major claim, for increased costs to homeowners which could far outweigh any premium savings.

...

Critical Coverage Provisions
The following is an overview of the more critical coverage provisions in the new CIT HO-8 policy form. It is important that this information be communicated thoroughly in your discussions with any person applying for an HO-8 policy.

· Water Exclusion
The HO-8 does not provide coverage for the peril of water, which accounts for roughly half of all Citizens’ homeowner claims. This means the following occurrences are not covered:

· Accidental discharge or overflow of water or steam from within a plumbing, heating or air conditioning system
· Accidental discharge or overflow from a household appliance
· Sudden or accidental tearing apart, cracking, burning or bulging of a steam or hot water system, air conditioning system, automatic fire protective sprinkler system or water heater
· Freezing


...
If their perils are not covered they may look elsewhere for remedies.



Visit the InterNACHI Awards page

John Shishilla
State of Fl Home Inspector #21
Certified Residential Contractor CRC1330745
Accredited Claims Adjuster (ACA)
Mold Assessor MRSA 1544
Pres of Fl Home & Insurance Inspectors Chptr
VP of Nachi Managment


Serving all of Melbourne, Palm Bay, Cocoa, Rockledge, Viera, Satellite Beach, Indian Harbor Beach, Indialantic and surrounding areas.

Honor Construction Inspection Service
www.honorconstruction.com

321-327-2950

Reply With Quote
Need a home inspection in Louisiana? Check out InterNACHI's listing of Louisiana certified home inspectors. Or, find a home inspector anywhere in the world with our inspection search engine.
  #2  
Old 1/19/13, 1:50 PM
Kevin Hunt's Avatar
Kevin Hunt Kevin Hunt is offline
InterNACHI Member
 
Join Date: Jan 2010
Location: Clearwater, Florida
Posts: 430
Default Re: Covered Perils

So you saying if we miss a leak during an inspection someone is going to sue us? How? If this is a home inspection then it was already occurring. We don't warranty or guarantee any plumbing fixtures or appliances... Not really seeing the angle on this I guess.. also these policies will probably be quite rare.
Reply With Quote
  #3  
Old 1/19/13, 3:04 PM
John Shishilla, CMI's Avatar
John Shishilla, CMI John Shishilla, CMI is offline
InterNACHI Member
 
Join Date: Jul 2008
Location: Melbourne, FL
Posts: 4,985
Default Re: Covered Perils

Quote:
Originally Posted by khunt View Post
So you saying if we miss a leak during an inspection someone is going to sue us? How? If this is a home inspection then it was already occurring. We don't warranty or guarantee any plumbing fixtures or appliances... Not really seeing the angle on this I guess.. also these policies will probably be quite rare.
I am saying if they can not claim it on insurance, they are going to look somewhere.



Visit the InterNACHI Awards page

John Shishilla
State of Fl Home Inspector #21
Certified Residential Contractor CRC1330745
Accredited Claims Adjuster (ACA)
Mold Assessor MRSA 1544
Pres of Fl Home & Insurance Inspectors Chptr
VP of Nachi Managment


Serving all of Melbourne, Palm Bay, Cocoa, Rockledge, Viera, Satellite Beach, Indian Harbor Beach, Indialantic and surrounding areas.

Honor Construction Inspection Service
www.honorconstruction.com

321-327-2950

Reply With Quote
  #4  
Old 1/19/13, 5:10 PM
Michael J. Meeker, CMI's Avatar
Michael J. Meeker, CMI Michael J. Meeker, CMI is offline
InterNACHI Member
 
Join Date: Dec 2009
Location: South East Florida
Posts: 11,003
Default Re: Covered Perils

I believe they will be as common as can be.
I see people loosing their houses daily because they cannot pay the con folks at Citizen's.

Now they are going to pay every bit they can thinking they are doing their family good an poof everything and all their assets and credit will be gone.

Another way for Citizens to get as much money as possible and pay out as little as possible. It should not even be called insurance with those restrictions.





Wind Mitigation Specialist
FLORIDA LICENSED GENERAL CONTRACTOR
Call 954-922-0584 or E-Mail Me For The Best Wind Mitigation Inspection in Florida at a Great Price

www.homeinspection.meekerindustries.com
mike@meekerindustries.com
http://www.meekerindustries.com

I WILL FIGHT FOR YOUR RIGHTS SO YOU WILL NOT LOSE THEM.
Reply With Quote
  #5  
Old 1/22/13, 7:47 PM
William H. Smith William H. Smith is offline
InterNACHI Member
 
Join Date: May 2010
Location: Winter Park, Florida
Posts: 572
Talking Re: Covered Perils

Quote:
Originally Posted by jshishilla View Post
Inspectors may be more likely to be sued because of this little change.


If their perils are not covered they may look elsewhere for remedies.
You have a point here. Prepare and publish your report correctly and you can eliminate many of potential suits. You can be sued for anything but it is an ignorant lawyer that fights a losing cause. Yea, I know, bunch of them out there also.
Reply With Quote
Reply

Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On


Similar Threads
Thread Thread Starter Forum Replies Last Post
covered entrys for wind mits ???? jcalleri Florida Inspectors 22 5/2/11 6:35 PM
12 FT. Covered Trailer w/cabinets $1995.00 mjanuary Thermal Imaging, Infrared Cameras & Energy Audits 1 10/19/10 6:36 AM
metal covered fascia kdolin Exterior Inspections 5 9/10/10 4:47 AM
Common Defects List by Age of House trausch Inspection Education & Training 10 6/12/06 4:52 AM
Half of roof covered with ??? dmacy Exterior Inspections 5 6/5/06 8:58 PM

All times are GMT -4. The time now is 11:59 PM.
no new posts