Cherokee Insurance Co. v. United States Fire Insurance Co.

TODD, Judge.

ABRIDGED OPINION

This is a declaratory judgment suit to determine insurance liability for destruction of a building by fire. From an unsatisfactory result before the Chancellor, the plaintiff, Cherokee Insurance Company, has appealed.

Plaintiff assumed liability upon a policy of builder’s risk insurance issued by another insurer to defendant, Randall Phillips Builders, Inc., covering an extensive complex of condominium apartment buildings. There was no fixed inception or termination date of insurance under the policy, for it encompassed many buildings or units which were added to…