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Leave it to J. Robert Hunter, mortal enemy of insurers, to prove his journalistic irrelevance yet again. This guy, a graduate of Ralph Nader University, has had it on for the insurance industry for decades. Leave it to Bob to accuse insurers of plotting to broadly deny coverage for ACC. He just wants to come off as the hero when there’s no problem with ACC. What a weenie!
Fine. Then make your arguments before the coverage is needed, don’t try to re-write a contract after it’s signed and when a claim is filed. New York is a prior approval state for forms and are heavily reviewed.
If you want to fight the cause, take it up with the Ins Dept for approving the language.
Ins Guy, You must not be aware of the law that specifically states you can never take away from the mother doctrine “the new york standard fire policy” which ALWAYS covers fire. You are correct that they agreed to the terms and conditions set forth in the policy. That said, can you make out the wording in your homeowners policy clearly, really can you? Regardless of how this ACC slipped through the cracks. Be glad that carriers are protected by the number of exclusions they are already afforded. kindly respond, Pessimistic Preacher!
The water exclusion in the ISO Homeowners policy specifically states that fire, explosion and theft resulting from a water-related event are covered. I don’t know for certain how close the language in State Farm, Allstate, etc. policies is to ISO, but I suspect it’s not radically different. I think Mr. Hunter is being unnecessarily alarmist. If I start to see reports that insurers are denying Breezy Point claims, I’ll change my tune, but not before then.