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Homesite Insurance paid the homeowners $691,305.12 under the terms of their insurance policy, according to the complaint.
The court found the potential for coverage because the policy applied to two structures on the same undivided parcel.
Insurance experts analyze who was involved from a coverage and liability perspective.
There is a 62% chance that a major hurricane will make landfall along the U.S. coastline.
The California FAIR Plan faces $311 billion in potential losses, up from $50 billion six years ago.
Officials report at least half of the buildings in one Indiana town were damaged by a tornado in last week's storms.
Hailstorms cause an average of more $1 billion in property damage annually. But hail claims have skyrocketed in recent years.
A buildup in housing inventory has caused home prices to fall at some of the fastest rates in the nation.
Chicago and Seattle saw the biggest year-on-year increases in wheel and tire theft claims, WheelNet reports.
The latest insurance industry personnel news from BMS, Howden, Galway Holdings and more.
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