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INSURANCE LAW: Superior Court enforces one-year contractual time limitation regarding property damage claim

INSURANCE LAW: Superior Court Enforces One-year Contractual Time Limitation Regarding Property Damage Claim

In a first party claim, the court enforces a one-year contractual time limit in an all-risk homeowners policy.  The court rejected the plaintiff’s claim that an 18 month limit provided in the statutes for fire policies should apply.  Summary judgment was granted to the insurer that had denied the claim.

Holmes v. Safeco Ins. Co., (April 16, 2015)