80 Broad Street Co. v. United States Fire Insurance

Both parties move for summary judgment in this action where plaintiff, sublessee of 78-86 Broad Street, New York City, seeks to recover under its "Standard Multi-Peril Building Form Endorsement” of its fire insurance policy (all-risk) for loss sustained as a result of the buckling of the marble facing on its building constructed in 1931. On August 1, 1972, the City of New York placed a violation on the building and directed repair. The policy provides: "This policy insures against all risks of direct physical loss to coverage A-Buildings(S), subject to the provisions and stipulations herein…