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Supreme Court Defines Overhead and Profit Obligation

Supreme Court Defines Overhead and Profit Obligation

In Trinidad v. Florida Peninsula Insurance Company issued July 3, 2013, the Florida Supreme Court considered the scope of replacement cost coverage under the 2008 version of Section 627.7011, Florida Statutes.  The statute provided that the insurer would pay the insured the replacement cost of his damaged property without regard to whether the insured repaired […]

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