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MONETA DEV. CORP. v. GENERALI INS. CO. OF TRIESTE & VENICE

212 A.D.2d 428 (1995)

622 N.Y.S.2d 930

Moneta Development Corp. et al., Appellants, v. Generali Insurance Company of Trieste and Venice, Respondent

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

February 16, 1995

The within action arises from defendant insurer's refusal to pay plaintiffs' claim under a commercial "all-risk" policy for the loss of certain property. Plaintiffs' claim is based on the statement of one of its officers that, on March 3, 1988, he observed the subject property, which consisted of forklifts and other heavy equipment and which occupied approximately 6,000 square feet and weighed approximately 22 tons, and that, on...

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