This is a submission of a controversy pursuant to CPLR 3222.
Edison Gifts Imports, Inc. (Edison) was a tenant occupying premises at 1487 Broadway, New York City. A fire occurred at said premises on October 23, 1963 causing damage to personal property belonging to Edison in the agreed amount of $25,000.
On February 5, 1963 Edison had procured a policy in the amount of $100,000 from the plaintiff...
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