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 and the $1,000,000 limit in the supplemental coverage declarations unambiguously cap all flood‑related recovery, precluding any additional debris‑removal payment. The Court reversed the Appellate Division and reinstated the trial court’s summary‑judgment ruling for Travelers. Justice Albin, joined by Justice Timpone, dissented, arguing that the policy’s debris‑removal sublimit should be applied in addition to the flood limit under contra proferentem and reasonable‑expectations doctrines.