State Farm Florida Insurance Co. v. Nichols

In these consolidated appeals, we address disputes between State Farm and its insureds concerning when it is obligated to pay for subsurface sinkhole repats under its homeowners’ policies. Relying on a statute, State Farm contends that it need not pay for these repats until after the homeowners enter into contracts for the performance of the repairs, notwithstanding language in its policies to the contrary. The insureds contend that the policy language, not the statute, controls and that payment is due within sixty days after the amount of the loss is settled by appraisal. We agree with the…