Oxford Realty Group Cedar v. Travelers Excess and Surplus Lines Company (077617)

In this appeal, we consider competing arguments about a surplus lines insurance contract’s coverage for a flood occurrence. Specifically, we are called upon to determine whether debris removal coverage applies in addition to the policy’s endorsement limiting flood coverage for all losses “resulting from Flood to buildings, structures or property in the open” in the policy’s covered flood zone.

The insured contracted, through the services of a licensed broker, with the insurer to obtain the surplus lines coverage for certain commercial apartment buildings. The insurance policy provided limits…