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REILLY v. PROGRESSIVE INSURANCE COMPANY

288 A.D.2d 365 (2001)

733 N.Y.S.2d 220

MARK REILLY et al., Respondents, v. PROGRESSIVE INSURANCE COMPANY, Defendant, and OLD COLONIAL ASSOCIATES, Appellant.

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

Decided November 19, 2001.

Ordered that the order is affirmed insofar as appealed from, with costs.

The plaintiffs owned and restored a 1979 Porsche 911SC automobile which they believed to be worth approximately $40,000. The plaintiffs allegedly instructed their insurance agent, the appellant Old Colonial Associates, to obtain a $40,000 stated amount policy, that would pay that amount in the event the Porsche was stolen or destroyed. The appellant did procure a stated amount policy from the...

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