Homeowners Expected To Seek Help After Foundations Ruling

AP
November 14, 2019 - 9:27 am
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HARTFORD, Conn. (AP) — The superintendent of the captive insurance company that’s providing financial relief to homeowners with crumbling foundations says he expects dozens more affected homeowners will soon seek help, given recent action by the Connecticut State Supreme Court.

Connecticut’s highest court ruled Tuesday against several homeowners who sued their insurers after having their claims denied.

Michael Maglaras told state lawmakers Wednesday he expects to hear from at least 70 homeowners who were awaiting the court’s rulings to see if their insurers would be forced to cover their claims. Those homeowners’ applications for financial assistance from the state-funded insurance company are currently in “inactive status.”

Eric George, president of the Insurance Association of Connecticut, says the court’s decisions that typical homeowners’ policies don’t cover crumbling foundation expenses affirm the group’s long-held position.