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ROYAL PROPERTY GROUP, LLC v. PRIME INS. SYNDICATE, INC.

Docket No. 249043.

706 N.W.2d 426 (2005)

267 Mich. App. 708

ROYAL PROPERTY GROUP, LLC, Plaintiff-Appellee, v. PRIME INSURANCE SYNDICATE, INC., Defendant-Appellant and Whitcomb & Company, Inc., Defendant-Appellee.

Court of Appeals of Michigan.

Decided August 23, 2005, at 9:05 a.m.

Released for Publication November 10, 2005.

Attorney(s) appearing for the Case

Duncan M. Szymanski, Detroit, for Royal Property Group, LLC.

Grotefeld & Denenberg, L.L.C. (by Jeffrey R. Learned), Bingham Farms, for Prime Insurance Syndicate, Inc.

Sills, Charboneau, Fiedler & Barnett, P.C. (by Thomas R. Charboneau, Jr.), Bloomfield Hills, for Whitcomb & Company, Inc.

Before: WHITBECK, C.J., and ZAHRA and OWENS, JJ.

ZAHRA, J.

In this insurance case, defendant insurer, Prime Insurance Syndicate, Inc. (Prime), appeals as of right the trial court's entry of judgment in favor of plaintiff insured, Royal Property Group, LLC (Royal), for $228,729.84. The significant issues in this case are (1) whether the insurance policy is ambiguous in regard to the method of valuation used to determine coinsurance liability and (2) whether a coinsurance clause that determines an insured's coinsurance...

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