Insurer Paid Policy Limit For Property Of Others; No Additional Coverage Owed

(August 16, 2018, 9:23 AM EDT) -- NEW YORK — An insured’s complaint seeking additional coverage for consigned property damaged by water after a pipe burst in a commercial building must be dismissed because the insurer paid the policy’s limit for property of others and the insured is not owed any additional coverage under the policy’s business personal property provision, a New York justice said Aug. 14 in granting the insurer’s motion for summary judgment (Talisman Services Inc. v. Hermitage Insurance Co., No. 151351/2016, N.Y. Sup., New York Co.)....

Attached Documents

Related Sections