Supreme Court of New Jersey
Oxford Realty Group Cedar, Cla Management, and R.K. Patten, LLC, Plaintiffs-Respondents v. Travelers Excess and…
May 25, 2017229 N.J. 196
Summary
The Supreme Court of New Jersey held that the flood endorsement’s $1,000,000 limit caps all flood‑related losses, including debris removal, so the debris‑removal sublimit does not provide additional recovery. The Court found the policy unambiguous and therefore did not apply contra proferentem or reasonable expectations doctrines. Justice Albin dissented, arguing the contract is ambiguous and that debris‑removal coverage should be applied in addition to the flood limit.