Chinese Drywall Insurance Coverage
February 4th, 2010
As discussed in a recent article from
The Virginia Pilot, a bill to prevent home insurers from canceling policies or raising rates on homeowners because their properties were built with Chinese-made drywall passed the Virginia Senate on February 1, 2010.
Va. Senate passes bill to halt insurance drops for Chinese drywall
A bill to prevent home insurers from canceling policies or raising rates on homeowners because their properties were built with Chinese-made drywall passed the Virginia Senate on Monday.
The bill was introduced by State Sen. John C. Miller, D-Newport News. A similar bill, introduced in the House by Del. Glenn Oder, R-Newport News, is still being reviewed by the House committee on Commerce and Labor.
Those bills are among several introduced in General Assembly this year. Another bill introduced by Oder seeks to ensure individuals can file a claim with their home insurer on property damage caused by the tainted drywall. It too is waiting for action by the House committee.
To view the online article, please click here
About Safeguard
Safeguard Properties is the largest privately held field services company in the country. Located in Cleveland, Ohio and founded in 1990 by Robert Klein, Safeguard has grown from a regional preservation company with a few employees and a handful of contractors performing services in the Midwest, to a national company with over 700 employees. Safeguard is supported by a nationwide network of subcontractors able to perform any requested superintendence, preservation, and maintenance functions, as well as numerous ancillary services in the U.S., the Virgin Islands, and Puerto Rico.