Insurers dropping Chinese drywall policies
By BRIAN SKOLOFF, Associated Press
WEST PALM BEACH, Fla. - James and Maria Ivory's dreams of a relaxing
retirement on Florida's Gulf Coast were put on hold when they discovered
their new home had been built with Chinese drywall that emits sulfuric fumes
and corrodes pipes. It got worse when they asked their insurer for help -
and not only was their claim denied, but they've been told their entire
policy won't be renewed.
Thousands of homeowners nationwide who bought new houses constructed from
the defective building materials are finding their hopes dashed, their lives
in limbo. And experts warn that cases like the Ivorys', in which insurers
drop policies or send notices of non-renewal based on the presence of the
Chinese drywall, will become rampant as insurance companies process the
hundreds of claims currently in the pipeline. Read more.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment