Popkin v. Security Mutual Insurance

In this action to recover the sum of $54,130.62 on a policy of insurance issued by the defendant, the plaintiffs appeal from an order of Special Term which denied their motion for summary judgment. The plaintiffs purchased an all-risk policy of insurance from the defendant with respect to their building at 225 East 79th Street, New York, New York. This policy was in effect on May 10, 1972, when the premises were damaged as a consequence of large amounts of water entering the basement of the building. Upon the defendant’s refusal to pay the claim asserted by plaintiffs under the policy to…