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CARIDEO v. PHOENIX ASSURANCE COMPANY OF NEW YORK

No. 19381.

450 F.2d 779 (1971)

Charles CARIDEO, Jr., Assignee, v. The PHOENIX ASSURANCE COMPANY OF NEW YORK et al., Appellant.

United States Court of Appeals, Third Circuit.

Decided November 4, 1971.

Attorney(s) appearing for the Case

James B. Doak, LaBrum & Doak, Philadelphia, Pa., for appellant.

James F. Young, Krusen, Evans & Byrne, Philadelphia, Pa. (Raymond T. Letulle, John C. Detweiler, Philadelphia, Pa., on the brief), for appellee.

Before McLAUGHLIN, GANEY and ADAMS, Circuit Judges.

OPINION OF THE COURT

PER CURIAM:

In 1966 Charles Carideo, Sr., now deceased, was having a yacht built for him by Broward Marine, Inc., at Fort Lauderdale, Florida. He was paying for it as the work advanced. On October 25, 1966 he had paid Broward $49,000. There was insurance by The Phoenix Company on the yacht covering Carideo and Broward as their interest appeared which coverage included protection from loss by fire. On October 25th, 1966 when the yacht...

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