11th Cir finds insurers need not pay replacement cost until property is replaced

Posted on September 22, 2010 by Jody Nathan

Chip Merlin at the Property Insurance Coverage Law Blog states: Many will read Buckley Towers Condo., Inc. v. QBE Insurance Corp., No. 09-13247, 2010 WL 3551609 (11th Cir. Sept. 14, 2010), to stand for the proposition that an insurer does not have to pay anything towards replacement costs under a replacement cost policy, when replacement is elected but repairs have not been made.

 

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