Waiea tower developer sues 7 insurance companies
The developer of the 36-story Waiea condominium tower at
The insurers contend that a deductible in excess of the damage value applies because the rain was from a tropical storm.
The case adds to a flurry of recent lawsuits over the tower's construction for more than
On
Nordic responded with a lawsuit against
Two Waiea subcontractors,
In the new lawsuit,
The suit said rain poured into Waiea on the night of
According to the filing in state
Tropical storm damage was covered under the developer's policy, but included a deductible equal to 2 percent of the insured property's value, or more than
Waiea's insurance policy also covered losses from water damage with a
Yet a
A separate
"
The lawsuit also contends that the insurers didn't state in the policy that water damage resulting from a named windstorm is excluded from the water damage portion of the policy.
"Defendants could have exempted the peril of named windstorm from the definition of water damage but failed to do so," the complaint said. "Accordingly, the subject loss was caused by water damage, and the water damage deductible should be applied."
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