Could homeowners lose insurance due to Chinese drywall?

by Associated Press

Published: January 17,2011

Tags: construction, construction materials, drywall, homes, housing, insurance, real estate

MIAMI — Mississippi homeowners who are the victims of defective Chinese drywall may want to keep a close eye on events in Florida.

An attorney for homeowners who bought properties with tainted Chinese drywall says Florida’s public insurance company has again reversed course, saying it will suspend policies for those individuals.

David Durkee says his clients have begun receiving notices informing them their coverage will be dropped by Citizens Property Insurance Corp., a state-backed insurer of last resort.

Citizens made the same move in 2009, but then reversed course after bad publicity over the decision.

Thousands of homeowners nationwide, including many in Mississippi,  bought houses built with the defective drywall.

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