The Florida court is right. The need to show that a breach of warranty by an insured is a proximate cause of the loss, assure that underwriters will price coverage realistically and not low-ball quoted premiums in the expectation of being able to jump off claims by virtue of a long list of insured’s warranties, the meaning of which may not be totally clear. Good reporting, Peter.
Courts Turn Boat Insurance in Florida Upside Down
The Florida court is right. The need to show that a breach of warranty by an insured is a proximate cause of the loss, assure that underwriters will price coverage realistically and not low-ball quoted premiums in the expectation of being able to jump off claims by virtue of a long list of insured’s warranties, the meaning of which may not be totally clear. Good reporting, Peter.