Deductible Made Flood Policy An Illusion, Judge Ruled

, New York Law Journal

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In a victory for the owner of a fuel oil terminal in the Bronx that was severely damaged during Superstorm Sandy, a judge has said that a property insurance policy cannot have a flood damage deductible nearly as high as the insurance limit.

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Originally appeared in print as Deductible Renders Flood Insurance Policy 'Illusory,' Court Says

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