FBS Mortgage Corp. v. State Farm Fire & Casualty Co.

MEMORANDUM OPINION

BRIAN BARNETT DUFF, District Judge.

On February 25,1992, Plaintiff FBS Mortgage Corporation (“FBS”) filed a two-count complaint seeking a declaration of its rights under a Homeowner’s Insurance Policy (“Homeowner’s Policy”) issued by Defendant State Farm General Insurance Company (“State Farm”). 1 State Farm contends that FBS is not entitled to coverage under the terms of the Homeowner’s Policy. The parties have filed cross motions for summary judgment and, for the reasons explained below, summary judgment is granted in favor of FBS.

BACKGROUND

The undisputed facts are as…