J. F. Shea Co. v. Hynds Plumbing & Heating Co.

OPINION

By the Court,

Batjer, J.:

On October 10, 1974, Industrial Indemnity Company, hereinafter referred to as “Industrial”, issued a builder’s risk fire insurance policy to J. F. Shea Company, Inc., dba Century Community Developers, hereinafter referred to as “Shea”. The policy was effective through October, 1977, and covered fire losses at Shea’s construction projects.

On January 15, 1976, Shea subcontracted with Hynds Plumbing & Heating Company, hereinafter referred to as “Hynds”. Pursuant to the subcontract, Hynds agreed to indemnify Shea from any loss or damage sustained by Shea resulting…