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Cosmetic and functional damage

Great article by Merlin Law on negotiating with insurance company adjusters to ensure “cosmetic” damage is covered in the event your policy has “cosmetic exclusion” language.   http://www.propertyinsurancecoveragelaw.com/2016/10/articles/insurance/cosmetic-and-functional-damage-an-academic-discussion-by-neil-hall/index.html  

Billions in damage expected, Data from CoreLogic

Florida Number of Homes at Risk 1,262,307 RCV $246,361,033,055 South Carolina Number of Homes at Risk 338,640 RCV $77,658,933,162 North Carolina Number of Homes at Risk 244,712 RCV $48,993,759,049 Georgia Number of Homes at Risk 148,718 RCV $32,052,255,097






Cosmetic Exclusion in a policy – this will negatively impact the value of your property

Does your commercial policy include “Cosmetic Exclusion” language (or something similar)? If it does it basically means that, regardless of the damage sustained, the insurance company will NOT replace the items mentioned unless there is “penetration of water.” “Cosmetic loss or damage” means damage to any portion of the roof or siding coverings or appurtenances, […]