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State court of last resort · ST-VA-SC
Autumn Ridge, L.P. v. Acordia of Virginia Insurance
No. 041934Supreme Court of Virginia
041934 Autumn Ridge, L.P. v. Acordia of Virginia Insurance 06/09/2005 In an action by 12 limited partnerships alleging negligence and breach of contract by an insurance broker in failing to include them as nam…
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041934 Autumn Ridge, L.P. v. Acordia of Virginia Insurance 06/09/2005 In an action by 12 limited partnerships alleging negligence…
- Court
- Supreme Court of Virginia
- First added here
- October 4, 2026
- Last entry
- June 9, 2005
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Docket entry
041934 Autumn Ridge, L.P. v. Acordia of Virginia Insurance 06/09/2005 In an action by 12 limited partnerships alleging negligence and breach of contract by an insurance broker in failing to include them as named insureds on a builders risk insurance policy, the trial court erred in concluding after a hearing that the plaintiffs could show no cognizable damages. When no loss has occurred that would have been covered by the requested insurance policy, the measure of damages for failure to procure insurance is the amount paid by the intended insured as the premium. The judgment is reversed.
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· Supreme Court of Virginia
Reversed
The court's record, as written
041934 Autumn Ridge, L.P. v. Acordia of Virginia Insurance 06/09/2005 In an action by 12 limited partnerships alleging negligence and breach of contract by an insurance broker in failing to include them as named insureds on a builders risk insurance policy, the trial court erred in concluding after a hearing that the plaintiffs could show no cognizable damages. When no loss has occurred that would have been covered by the requested insurance policy, the measure of damages for failure to procure insurance is the amount paid by the intended insured as the premium. The judgment is reversed.
Outcome words in this text: reversed.
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