Tamco Corp. v. Federal Insurance

ROBSON, District Judge.

This is a declaratory judgment action brought April 27, 1960, by insured Tam-co Corporation, and Ruben G. and Ben Musikantow, its sole stockholders, managing officers, and assignees. Plaintiffs seek to establish the insurer’s liability on an endorsement, issued May 25, 1955, covering the depreciation value of furniture, fixtures and other supplies, which endorsement was issued in connection with a fire insurance policy of defendant.

*768A fire occurred on July 28,1955, which destroyed the insured Tamco Corporation’s plant. Liability was determined and paid under the fire…