Baker v. Aetna Insurance Company

Gregory, Justice.

Appellant Baker, a residential contractor, appeals from an order denying him recovery under a builder’s risk insurance policy issued by respondent Aetna. The lower court ruled that Baker had sustained no loss by reason of a fire which partially destroyed a house Baker constructed for a third party, Hammond. We affirm.

In addition to Baker’s policy with Aetna, Hammond had taken out a separate policy of insurance with State Farm Fire and Casualty Company to protect his interest as owner. State Farm accepted liability for the loss and paid Hammond approximately $23,000.00 for the…