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Precious Metals Exclusion Bars Coverage For Alleged Theft, 5th Circuit Affirms

(August 31, 2016, 12:28 PM EDT) -- NEW ORLEANS — The Fifth Circuit U.S. Court of Appeals on Aug. 30 affirmed a lower court’s ruling that an insurance policy’s precious metals exclusion bars coverage for a church insured’s claimed losses stemming from the theft of seven rooftop air conditioner condensers (Celebration Church Inc. v. United National Insurance Company, No. 16-30048, 5th Cir.; 2016 U.S. App. LEXIS 16061).

(Per curiam opinion available. Document #13-160901-022Z.)

Theft

In 2014, Celebration Church Inc. sued United National Insurance Co. (UNIC) in the 24th Judicial District Court for the...
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