This past week State Farm Florida Insurance decided to try its luck in a claim where State Farm’s experts had denied sinkhole activity was affecting their insured”s property. After nearly five days of testimony the Hillsborough County jury returned a verdict in favor of the homeowner, not only confirming that State farm should have provided coverage but the jury also awarded a massive sum of money to do the necessary repairs. All in all, the jury awarded the homeowners nearly 150% of their policy limits in damages. State Farm should also be responsible for the attorney fees of the homeowners attorney as well as paying their costs and interest on the money owed. The total amount State Farm pays out on this claim could end up being three to four times the policy limits when it is all said and done.
August 7, 2011 by Morgan Barfield