The lease obligates Capezio to indemnify the owners only for costs "for which Owner shall not be reimbursed by insurance." Further, each party "waives any claim ... insofar as such claim is based on a risk insured under any insurance policy carried by the waiving party" (emphasis added). Capezio and the LWC parties submitted affirmations that the owners had insurance covering the claims asserted by plaintiff, a painter employed by nonparty IBS who was injured when...
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