What Insurers Need to Know about Florida’s Statute of Repose for Construction Defects
When can a construction CGL insurer finally breathe easy? The answer can be found in Fla. Stat. § 95.11(3)(c), Florida’s statute of limitations and repose for construction defects. The statute of limitations prohibits construction defect claims 4 years after the claim accrues. For not-readily-observable defects (“latent defects”), the claim does not accrue until the defect is discovered or should have been discovered. Therefore, a plaintiff’s ability to bring such a claim could theoretically continue in perpetuity. Read the article…………………………..
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