P. R. De Bellis Enterprises, Inc. v. Lumbermen's Mutual Casualty Co.

The opinion of the court was delivered by

Schreiber, J.

Plaintiff P. R. DeBellis Enterprises, Inc. had purchased a fire insurance policy covering a certain building in Caldwell and instituted this action to collect under that policy when the building was destroyed by a fire. Plaintiff’s entitlement to recovery depends on whether it had an insurable interest in the property and, if so, the extent, if any, of its loss.

The trial record consisted of exhibits and the deposition of Paul DeBellis, the owner and president of plaintiff corporation. A virtually undisputed factual picture emerged. On…