Panorama Village Condominium Owners Ass'n v. Allstate Insurance

Agid, A.C.J.

In 1996, after investigative demolition at the Panorama Village Condominium Complex revealed extensive structural decay, Panorama’s homeowners association sought coverage from Allstate Insurance Company under a policy provision that provides coverage for property in danger of imminent collapse caused by hidden decay. Allstate refused to defend on the theory that its policy’s *274suit-limitation provision requires an insured to bring claims “within one year after a loss occurs,” and the Association had known about the decay for nearly a decade. Allstate appeals the trial court’s…