November 2, 2012
The Virginia Supreme Court has dealt a blow to residents who hoped their homeowners' insurance would pay for damage caused by Chinese drywall.
The court on Thursday unanimously ruled against Larry Ward of Virginia Beach, whose claim was denied by TravCo Insurance Co. Ward's lawyer, Richard Serpe, says the ruling means more than 300 other Virginia families affected by the toxic drywall also won't be able to collect on their insurance.
The court cited the insurance policy's exclusions for damage caused by latent defects, defective materials, rust or other corrosion, or pollutants. Serpe said such exclusions are typical in homeowners' policies.
Chinese drywall has been used in thousands of homes, mainly in the South. The material has been blamed for foul odor, health problems and corrosion of pipes and wiring.
The comments sections of Newsplex.com are designed for thoughtful, intelligent conversation and debate. We want to hear from our viewers, but we only ask that you use your best judgment. E-mail is required, but will not be displayed with comment.
As a host Newsplex.com welcomes a wide spectrum of opinions. However this is a site that we host. We have a responsibility to all our readers to try to keep our comment section fair and decent. For that reason The Newsplex reserves the right to not post or to remove any comment.
If you have any ideas to improve the conversation or this section let us know. Send an e-mail to firstname.lastname@example.org.
powered by Disqus
|There are currently no active polls at this time.
Click here to view other polls on our site and past poll results.