The 2023 Florida Statutes (including Special Session C)
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. . . They argue that subsection 627.7011(5)(e), Florida Statutes (2015), which references subsection 627.702 . . . The issue on appeal is whether subsections 627.7011(5)(e) and 627.702(7) relieve the Ganzemullers and . . . Section 627.702 is titled "Valued policy law." . . . ." § 627.702(1)(a). . . . or replacement of damaged property is in lieu of liability under subsection 627.702(1), which deals . . .
. . . replacement cost coverage without reservation or hold-back of any depreciation in value, pursuant to s. 627.702 . . .
. . . The VPL, section 627.702, Florida Statutes (2016), requires an insurer to pay the face amount for which . . .
. . . Appellants argue that section 627.702, Florida Statutes (2008), Florida’s Valued Policy Law (“FVPL” or . . . property. ivas so insured as specified in the policy and for which a premium has been charged and paid. § 627.702 . . .
. . . .” § 627.702(l)(a), Fla. Stat. (2005). Ashe’s home was destroyed in Hurricane Ivan. . . . By the time the case reached the supreme court, the legislature had already amended section 627.702(1 . . . following the total loss, after considering all other benefits actually paid for the total loss. § 627.702 . . . See § 627.702(l)(c), Fla. Stat. (2005). . . . Florida does have a statute that applies when a building is a total loss, § 627.702, Fla. . . .
. . . replacement cost coverage without reservation or holdback of any depreciation in value, pursuant to s. 627.702 . . .
. . . that wind caused a total loss to his insured property under Florida’s Valued Policy Law (VPL), section 627.702 . . . Section 627.702(1) provides in pertinent part that “[i]n the event of the total loss of any building . . . Mathis: In Cox, the Florida Supreme Court ruled that section 627.702(1), Florida Statutes (2004) was . . . Although the legislature amended section 627.702(1) in 2005, the parties agree the 2004 statute is applicable . . . Under the 2005 version of section 627.702(l)(b), the insurer would not be liable for more than the amount . . .
. . . See 877 So.2d 774 (Fla. 4th DCA 2004), superseded by statute, § 627.702(1)(b), Fla. . . . See § 627.702(1), Fla. Stat. (2004). . . . See § 627.702(1)(b), Fla. . . . See § 627.702(l)(a), Fla. Stat. . . . See § 627.702(5), Fla. Stat. . . .
. . . or constructive total loss of their home, so that under Florida’s Valued Policy Law (VPL), section 627.702 . . . In Cox, the Florida Supreme Court ruled that section 627.702(1), Florida Statutes (2004) was “intended . . . Section 627.702(1) provides in pertinent part: In the event of the total loss of any building ... insured . . .
. . . We also find it unnecessary to address the issue concerning the construction of section 627.702(l)(a) . . .
. . . Fla. 4th DCA 2004), in which the District Court held that, under the Valued Policy Law (VPL), section 627.702 . . . Section 627.702 does not establish any requirement for an insurer to pay for excluded or noncovered perils . . . The beginning phrase states: “In the event of the total loss ... as to a covered peril.... ” § 627.702 . . . Throughout section 627.702(1), the Legislature repeatedly relies upon the terms of the parties’ insurance . . . Section 627.702(1) explicitly states that “[i]n the event of the total loss of any building ... insured . . .
. . . STAT. (2004), PRECLUDE AN AWARD OF POLICY LIMITS UNDER THE VALUED POLICY LAW, § 627.702(1), FLA. . . . decisions certifying the following related question was already pending review in this Court: DOES SECTION 627.702 . . .
. . . District Court of Appeal certified the following question as one of great public importance: DOES SECTION 627.702 . . .
. . . trial court relied upon the interpretation of the 2004 version of Florida’s Valued Policy Law (VPL), § 627.702 . . .
. . . reasons stated below, we approve the decision of the Third District and hold that the VPL, section 627.702 . . . The plain language of Florida’s VPL, section 627.702,' Florida Statutes (2004), requires an insurer to . . . directly stated in the policy as a dollar amount specifically applicable to that particular structure.” § 627.702 . . .
. . . upon the following question, which the court certified to be of great public importance: DOES SECTION 627.702 . . . The first is that the building be “insured by [an] insurer as to a [e.s.] covered peril.” § 627.702(1 . . . Section 627.702 does not establish any requirement for an insurer to pay for excluded or non-covered . . . The beginning phrase states: “In the event of the total loss ... as to a covered peril.... ” § 627.702 . . . Section 627.702(1) explicitly states that “[i]n the event of the total loss of any building ... insured . . .
. . . . § 627.702(1) (2003) with La.Rev.Stat. Ann. § 22.695(A). . . . Stat § 627.702(1) (emphasis added). . . . Stat. § 627.702(l)(a) (2005) (inserting the phrase "if caused by a covered peril” into Florida’s VPL) . . .
. . . Section 627.702, Florida Statutes (2004), also know as Florida’s Valued Policy Law (VPL), reads as follows . . . The first is that the building be “insured by [an] insurer as to a [e.s.] covered peril.” § 627.702(1 . . . Section 627.702(1), Florida Statutes, is triggered only when an insured building is rendered a “total . . . loss” as defined by Florida courts. § 627.702(1), Fla. . . . Thus, in order for appellees’ claim to fall within the scope of section 627.702(1), appellees must first . . .
. . . Corporation, appeals a final summary judgment and argues that the Valued Policy Law, as set forth in section 627.702 . . .
. . . insured property a total loss, which entitled him to policy limits from Citizens under the VPL, section 627.702 . . . property was so insured as specified in the policy and for which a premium has been charged and paid. § 627.702 . . . The first is that the building be “insured by [an] insurer as to a [e.s.] covered peril.” § 627.702(1 . . . relevant provisions of Citizens’ enabling legislation, section 627.351(6)(q), and the VPL, section 627.702 . . . See § 627.702(1). . . . STAT. (2004), PRECLUDE AN AWARD OF POLICY LIMITS UNDER THE VALUED POLICY LAW, § 627.702(1), FLA. . . .
. . . (Fla. 4th DCA 2004), in which the Fourth District interpreted Florida’s Valued Policy Law, section 627.702 . . .
. . . Section 627.702(1), sometimes referred to as the Valued Policy Law (VLP), states: In the event of the . . . Because section 627.702(1) addresses only valuation in the event of a total loss and does not address . . . PLAIN MEANING OF SECTION 627.702(1) — FLORIDA’S VPL Section 627.702(1) states in relevant part: “In the . . . The 2005 amendment is not retroactive. § 627.702(l)(c), Fla. . . . There are no additional facts to be discovered for the court to interpret section 627.702(1). . . . following question to the Florida Supreme Court as a question of great public importance: DOES SECTION 627.702 . . . . § 627.702(1), Fla. Stat. (2004). I. . . . property was so insured as specified in the policy and for which a premium has been charged and paid. § 627.702 . . . The first is that the building be “insured by [an] insurer as to a [e.s.] covered peril.” § 627.702(1 . . . provides that the insurer’s “liability” “if any” is in the amount for which the property is insured. § 627.702 . . . A similar bill, Senate Bill 1488, proposed to amend section 627.702, but did not include language stating . . .
. . . In plaintiffs’ complaint, they contend that Florida’s Valued Policy Law, Section 627.702(1) of the Florida . . . Specifically, Fidelity contends that plaintiffs’ Valued Policy Law claim based on Section 627.702(1) . . . Stat. § 627.702(1) ] also requires Owners to pay the full face amount of the plaintiffs’ policy, rather . . . Section 627.702 of the Florida Statutes, in effect at the time plaintiffs’ home was damaged, provided . . . Section 627.702 is triggered only when an insured building is rendered a “total loss” as defined by Florida . . .
. . . . § 627.702. . . . Stat. § 627.702. . . . In relevant part, § 627.702 provides: (l)(a) In the event of the total loss of any building, structure . . . Stat. § 627.702. . . . .
. . . property was a total loss as a result of a covered peril, under Florida’s Valued Policy Law, section 627.702 . . . Reversed and remanded; direct conflict certified. . 627.702. Valued policy law. . . .
. . . incident causing loss are necessarily related to the claim applying the Valued Policy Law, Section 627.702 . . .
. . . . § 627.702(1), Fla. Stat. (2008). . . . The first is that the building be “insured by [an] insurer as to a [e.s.] covered peril.” § 627.702(i . . . VPL § 627.702(1) (“[T]he insurer’s liability, if any [e.s.] shall be [the face amount of insurance].” . . . VPL § 627.702(1) (“insured by any insurer as to a [e.s.] covered peril”). . . . Redding, 47 Fla. 228, 37 So. 62, 65 (1904) (construing predecessor to section 627.702(1)). . . .
. . . See § 627.702(8), Fla. Stat. (1991). . . .
. . . Allstate and USAA are prohibited from prorating their payments, the Halleoms rely principally upon section 627.702 . . . (2), Florida Statutes (1993), which must be read together with section 627.702(1): (1) In the event of . . . correctly we believe, that the “valued policy law” was unavailing to the Hall-eoms because of section 627.702 . . . The present case, however, includes the additional fact that, because of section 627.702(3)(a) and the . . . We believe that the trial court’s summary final judgment is consistent with section 627.702(3)(a), Florida . . .
. . . . § 627.702, Fla.Stat. (1993) (“In the event of the total loss of any building, ... the insurer's liability . . .
. . . Patrick argues that the partial withholding until the repair work is completed is prohibited by section 627.702 . . . However, section 627.702(2) is not applicable because it covers only partial loss from fire or lightning . . . This Court does not address the issue of whether an insurance company under section 627.702(2), Florida . . .
. . . Day’s home was totally destroyed by the fire; as such, section 627.702, Florida Statutes (1989), would . . .
. . . the replacement cost of the property under the terms of the policy and pursuant to Florida Statute 627.702 . . .
. . . Further, section 627.702, Florida Statutes (Florida’s “valued policy” law) provides that in the event . . . the amount of damages due on the residence, was determined by the policy itself, pursuant to section 627.702 . . .
. . . . § 627.702 (1981), applied different rules of recovery to partial and total losses. . . . Fla.Stat. § 627.702 (1981) provides in pertinent part: (1) In event of total loss by fire or lightning . . .
. . . Furthermore, the Springfield decision was based upon the provisions of the Florida Valued Policy Law, section 627.702 . . . Section 627.702(3)(a), as amended effective July 3,1980 (and thus controlling on the dispute in this . . . of his duplicate insurance coverage with Allstate, falls squarely within this exception of section 627.702 . . . Cooper’s legal obligation to so inform the owners and their insurers of this additional insurance. § 627.702 . . .
. . . Plaintiffs suggest that when Florida's valued policy law, Florida Statutes § 627.702 (1979), is coupled . . .
. . . The only issue presented by this appeal is whether section 627.702, Florida Statutes (Supp.1980), applies . . . Appellee successfully contended in the trial court that section 627.702, the Valued Policy Law, applies . . . Section 627.702, Florida Statutes (Supp. 1980), provides in relevant part: (1) In event of total loss . . .
. . . Sec. 627.702, Fla.Stat. (1977). . . . After a non-jury trial the court found section 627.702, Florida Statutes (1977), to be controlling; the . . . Section 627.702, Florida Statutes (1977), stated that the valued policy law applied to buildings and . . . Sec. 627.702(1), Fla. Stat. (1979). (Emphasis added). . . . In order to give meaning to all of these changes and all of the parts of section 627.702, it must be . . .
. . . Section 627.702. 2. . . . S. 627.702, has the effect of making all fire insurance policies “valued policies” and in the case of . . .
. . . found on the policy insuring the building, which was a total loss, the “Valued Policy Law”, Section 627.702 . . .
. . . of loss by fire or lightning, such a provision conflicts with Florida’s valued policy law, Section 627.702 . . .
. . . . § 627.702, F.S.A. . . .