SD5 - Insurance Coverage on Property in Coastal, River and Lake Areas
Executive Summary: Its attention having been specifically directed to the difficulty experienced by owners of property in the coastal, river and lake areas of the State in obtaining adequate insurance coverage thereon, and in view of the increasing amount of construction in such areas, the General Assembly of Virginia at its 1970 Regular Session adopted Senate Joint Resolution No. 18 directing the Virginia Advisory Legislative Council to study this problem and make recommendations for a program to alleviate these difficulties. |