Florida Supreme Court rules that “substantial compliance” is good enough for insurers on association policies

On May 31, 2012, the Florida Supreme Court issued a Corrective Opinion in the case of QBE Insurance Corp v. Chalfonte Condominium Association, Inc., SC09-441 (FL 2012). A jury originally awarded the Chalfonte Condominium Association $8.2 million for, among other things, the insurer’s failure to follow Florida law pertaining to proper disclosure for hurricane deductibles on insurance policies.

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