Penthouse Owners Ass'n v. Certain Underwriters at Lloyds, London

E. GRADY JOLLY, Circuit Judge:

This appeal arises from a claim for insurance coverage for damage caused by Hurricane Katrina. The district court interpreted a windstorm deductible endorsement in the appellee’s insurance policy to require coverage for the destruction of the insured’s buildings by Katrina’s storm surge. Based on principles of insurance contract interpretation, under Mississippi law, we conclude that the deductible endorsement at issue here did not render the policy ambiguous or otherwise expand coverage to include losses excluded elsewhere in the policy. Accordingly, we vacate…