Cuthrell v. Milwaukee Mechanics Insurance

Diligent search fails to uncover any North Carolina case involving tbe legality of a builder’s risk clause similar to that in suit-Happily no occasion arises on tbe present record for us to determine tbe validity of the clause, or to make an independent adjudication as to its precise effect on tbe provisions of tbe standard policy form if it be valid. For tbe purpose of this particular decision only, we shall take' it for granted without so adjudging that tbe builder’s risk clause is valid and that tbe trial judge construed it aright in tbe court below. Inasmuch as tbe defendant admitted tbe…