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Home / Opinion Digests / ‘Builder’s Risk’ Endorsement Not Ambiguous (access required)

‘Builder’s Risk’ Endorsement Not Ambiguous (access required)

Plaintiff insurance company wins partial summary judgment in a declaratory judgment action denying coverage for theft of construction materials from defendant policyholder’s home, which they were rebuilding after damage by a fire; the Richmond U.S. District Court says the policy’s Builder’s Risk Endorsement is not ambiguous and limits the carrier’s exposure to the total value ...

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