Axt v. London & Lancashire Indemnity Co. of America

DUFFY, District Judge.

Defendant issued to plaintiff a robbery insurance policy which indemnified assured against loss to the amount of $1,000 where the robbery occurred “within the assured’s premises”, and to the amount of $10,000 where the robbery occurred from the custody of a custodian “outside the assured’s premises”.

The policy contained the following definition: “ ‘PREMISES’ as used in this Policy shall mean the interior of that portion of the building designated in Item 3 of the Declarations which is occupied solely by the Assured in conducting his business.” Under Item 3 of the…