‘All-Risk’ Policy Insures Loss Of Hidden Damage From Water Intrusion, Judge Finds
Mealey's (June 20, 2016, 1:48 PM EDT) -- SEATTLE — Construing an “all-risk” insurance policy as covering risks of loss due to hidden damage or decay, a Washington federal judge ruled June 16 that two insurers failed to prove that their policy did not cover losses of hidden damage from water intrusion allegedly exposed in 2014 (Holden Manor Homeowners Association v. Safeco Insurance Company of America, et al., No. 15-1676, W.D. Wash.; 2016 U.S. Dist. LEXIS 78821).
(Order available. Document #69-160701-011R.)
On Sept. 5, 2014, Holden Manor Homeowners Association, which is responsible for Holden...