Preferred Mutual Insurance v. Travelers Companies
Court of Appeals for the First Circuit
1Opinion of the Court
ALDRICH, Senior Circuit Judge.
On January 20, 1995, an oil fire broke out in the boiler room of the Kimball Towers condominium in Springfield, Massachusetts, that caused extensive damage from smoke, soot and heat. Kimball Towers Condominium Association (Kimball) was insured by Preferred Mutual Insurance Company (Preferred) under a Business Owners Special Property Policy that covered its property broadly, with a limit of $11,340,000 and an annual premium of $40,484. With some exceptions, the policy did not cover steam or hot water boilers and their equipment. Kim-ball was also insured by…
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