Supreme Court on Burglary in Insurance Policies ~ 'contra proferenterm' rule !
Insurance is a contract and every contract should be interpreted strictly !
Underwriters evaluate the risk and the premium is based on exposure, the probable chance of occurrence, frequency and severity. Burglary insurance provides indemnity for loss or damage to property insured from the premises insured directly resultant from acts of burglary. From an Insurance angle, it is not the value of the goods that alone that matters. Goods that can be sold easily in retail and gray markets [eg. Читать дальше...