Stephen's Jewelry, Inc. v. Admiral Insurance

Peter C. Economus, Judge.

In April 1984, appellee, Stephen’s Jewelry, Inc., was burglarized. A proof of loss was submitted to appellant, Admiral Insurance Company, but it denied coverage claiming that appellee breached a condition of the insurance contract by failing to maintain an inventory from which the exact amount of loss could be accurately determined. Apparently, there were items of jewelry that were included in the proof of loss that did not belong to the appellee but were personal items of Stephen Landsperger, the sole stockholder in the corporation. Nevertheless, none of the personal…