THE CHILDREN'S PLACE RETAIL STORES, INC. v. FEDERAL INSURANCE COMPANY


37 A.D.3d 243 (2007)

829 N.Y.S.2d 500

THE CHILDREN'S PLACE RETAIL STORES, INC., Appellant, v. FEDERAL INSURANCE COMPANY, Respondent.

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

Decided February 13, 2007.


Plaintiff insured, having elected not to relocate after its World Trade Center location was destroyed on September 11, 2001, is entitled to business interruption coverage for the period of time it would have reasonably taken to resume operation at a different location. It is not entitled under the policy to coverage from the date of the store's destruction until the date it would have been able to achieve its pre-9/11 income, nor does the policy, reasonably construed, entitle...

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