Court of Appeals of New York
Executive Plaza, LLC v. Peerless Insurance Company, 2
Answering a certified question from the United States Court of Appeals for the Second Circuit, a contractual limitation period in a fire insurance policy that limits the time in which the insured may bring suit under the policy to two years and which requires items be replaced before the cost of replacement can be recovered, applied to a case in which the property cannot reasonably be replaced in two years, is unreasonable and unenforceable.
Appellate Information
- Decided 02/13/2014
- Published 02/13/2014
Judges
- SMITH
Court
- Court of Appeals of New York