What was surprising about the case was the evidence of Wawanesa’s underwriting expert that a single cannabis plant would constitute a material change in the insurer’s eyes, and thus give the insurer grounds to void a standard home policy. If this is indeed the case, any homeowner exercising her new-found rights under the Cannabis Act may be left without coverage – even for losses entirely unrelated to cannabis.
It remains to be seen whether a court would permit an insurer to void a policy on such grounds, and whether an insurer would risk the adverse publicity that would likely come with such a decision. In the interim, prudent homeowners should consider erring on the side of caution and informing their home insurers of the presence of any marijuana plants.
Source: Law Daily Report (lawdailyreport.net)
globeinvestor THE PRESENCE OF SATAN IN UR SPIRITS AND LUCIFER IN UR SOULS WILL LEAD THE LORD TO DENY U ENTERANCE INTO THE WORLD OF THE INNOCENT. SOON NOTHING U SAY OR DO WILL MATTER TO ANY 1. THE END OF UR NATION IS HERE 16 DAYS. PASSOVER STARTS 1 YEAR AND A NEW WORLD WILL BE MADE FOREVER NO U
_deepakanand globeinvestor Yup Cannabis Insurance is very complex. Insurance companies have been very slow to adapt thier policies.
globeinvestor I smell....lawsuits! So does a bottle of booze invalidate your policy?
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