Va. Court: Chinese Drywall Damage Excluded From Homeowners Policy

Monday, November 5th, 2012 Property Subrogation

The Virginia Supreme Court ruled last week that home damages that were allegedly caused by Chinese drywall are excluded from TravCo Insurance Co.’s “all risk” homeowners insurance policy. TravCo Insurance is part of The Travelers Companies. The Virginia Supreme Court’s unanimous decision was announced last Thursday, Nov. 1. In May 2007, plaintiff Larry Ward purchased a newly constructed home located in Virginia Beach and shortly afterwards obtained a home insurance policy from TravCo. The policy was effective from May 2007 to May 2008, and was renewed through May 2010.

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http://www.insurancejournal.com/news/east/2012/11/05/269311.htm

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