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VALLEY NAT. v. AMERICAN MOTOR. INS.

719 A.2d 1028 (1998)

316 N.J. Super. 152

VALLEY NATIONAL BANCORPORATION, Plaintiff-Appellant, v. AMERICAN MOTORISTS INSURANCE COMPANY, Defendant-Respondent.

Superior Court of New Jersey, Appellate Division.

Decided October 27, 1998.

Attorney(s) appearing for the Case

Adam M. Smith, Newark, for plaintiff-appellant (Mendes & Mount, attorneys; Mr. Smith, on the brief).

Bruce E. Barrett, Westmont, for defendant-respondent (Margolis Edelstein, attorneys; Mr. Barrett, on the brief).

Before Judges MUIR, Jr., KEEFE, and EICHEN.

The opinion of the court was delivered by MUIR, Jr., P.J.A.D.

Plaintiff, a mortgagee of commercial property that sustained fire loss damage, filed this action claiming defendant liable for the fire damage under a multi-peril insurance policy defendant issued to the owner/mortgagor. Defendant filed a motion for summary judgment. It contended, as a matter of law, the policy had been effectively canceled. Relying on a policy provision that required it to be given ten...

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