Justice: Flood Exclusion Bars Coverage For Water Event That Caused Property Damage

Mealey's (December 6, 2016, 8:27 AM EST) -- NEW YORK — A New York justice on Nov. 22 held that a commercial property insurance policy’s flood exclusion bars coverage for an insured’s property damage caused by storm surge resulting from Superstorm Sandy, granting the insurer’s motion for summary judgment (Five Towns Nissan LLC v. Universal Underwriters, et al., No. 651164/2013, N.Y. Sup., New York Co.; 2016 N.Y. Misc. LEXIS 4347)....