GARCY CORPORATION v. HOME INSURANCE COMPANY

No. 73-1298.

496 F.2d 479 (1974)

GARCY CORPORATION, Plaintiff-Appellant, v. HOME INSURANCE COMPANY et al., Defendants-Appellees.

United States Court of Appeals, Seventh Circuit.

Decided May 7, 1974.


Attorney(s) appearing for the Case

Eli E. Fink, Morris J. Coff, Chicago, Ill., for plaintiff-appellant.

John P. Gorman, James T. Ferrini, Chicago, Ill., for appellee.

Before CASTLE, Senior Circuit Judge, and PELL and SPRECHER, Circuit Judges.


SPRECHER, Circuit Judge.

This appeal presents the troublesome question of the worth of a building that burned down shortly before it was to have been demolished.

Plaintiff owned five buildings in the same block: a seven-story building, a four-story building, a two-story building, a one-story building and a quonset hut. In April, 1970, each of the six defendant insurance companies issued identical policies totaling $300,000 against fire damage to any or all...

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