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Home / Opinion Digests / Insurance – Homeowners – Electrical Wiring Damage – ‘Amount Of Loss’ (access required)

Insurance – Homeowners – Electrical Wiring Damage – ‘Amount Of Loss’ (access required)

Plaintiff homeowners say it will cost $439,000 to repair covered electrical wiring damage from a power surge in their home, but their homeowners’ carrier says they can do the repairs for $60,000; construing the phrase “amount of loss” as a matter of first impression, a Fairfax Circuit Court says the carrier must participate in an ...