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Paul Reid v. Vermont Mutual Insurance Company

Held October 16, 2012– Docket No. INS-12-2108
Decision Issued:  November 2, 2012

The named insured requested a hearing to contest the cancellation of a homeowners policy for a physical change in the property that results in the property becoming uninsurable.  The company established that a significant loss occurred and the property remains unrepaired and uninhabitable more than a year later.

Held: For the company. 24-A M.R.S. § 3049(5) permits cancellation of a policy when a physical change in the property renders it uninsurable. As the home remains damaged and uninhabitable, the cancellation action is permitted.