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NURI FARHARDI, INC. v. ALBANY INS. CO.

137 A.D.2d 429 (1988)

Nuri Farhardi, Inc., Respondent-Appellant, v. Albany Insurance Company, Respondent, and Jewelers Protection Service, Ltd., Appellant-Respondent

Appellate Division of the Supreme Court of the State of New York, First Department.

February 11, 1988

Nuri Farhardi, Inc. (Farhardi) operates a store at 920 Third Avenue, New York County, where it sells valuable antiques, jade and ivory figures to interior designers, dealers, and private persons. On June 15, 1984, at approximately 12:00 noon, Farhardi was the victim of an armed robbery, and the estimated loss was $350,000 in merchandise.

At the time of the robbery, an insurance policy was in effect between Farhardi and...

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