W.F. Gebhardt & Co. v. Amer. Euro. Ins.

W.F. Gebhardt & Co., Inc. v. American European Insurance Co., No. 93, September Term, 2020. Opinion by Fader, C.J. INSURANCE POLICES — RULES OF CONSTRUCTION — CONTRACT PRINCIPLES Insurance policies are construed according to contract principles, construing the policy as a whole according to the objective theory of contract interpretation. INSURANCE POLICES — RULES OF CONSTRUCTION — AMBIGUITY — EXTRINSIC EVIDENCE A court may consider extrinsic evidence of the parties’ intent if it determines contractual language to be ambiguous. A term in an insurance policy is ambiguous only if a reasonably…