Broker for Homeowners Policy Has No Duty to Advise Insureds on Excess Flood Coverage

November 2, 2017
Tred R. Eyerly - Insurance Law Hawaii

A broker who assisted the insureds in procuring a homeowners policy had no duty to advise the insureds to secure additional flood coverage. Ring v. Meeker Sharkey Assocs., LLC, 2017 N.J. Super. Unpub. LEXIS 3458 (N.J. Super Ct. App. Div. Sept.26, 2017).

The insureds owned two beachfront properties that were located in a designated flood zone. They secured homeowners and flood insurance through Meeker's predecessor. Subsequently, Meeker became the insureds' homeowners insurance broker while Willis, N.A. was their flood insurance broker.

Mr. Eyerly may be contacted at te@hawaiilawyer.com



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