Instant Insights / Marijuana and the Insurance Industry

Cannabis businesses face unique risks and challenges, and insurance slowly gaining its footing on how to properly insure this budding industry.

Case Study

Home used to illegally grow pot. Still a residence for insurance purposes?

Homeowners allege that Auto-Owners improperly denied their insurance claim, which sought coverage for property damage due to an illegal marijuana grow operation.

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A federal court has ruled that a jury must decide whether the insureds’ property was used “principally” as a residence for purposes of their insurance policy when they conceded that virtually the entire home was used to further an illegal marijuana grow operation.

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