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Cage v. Certain Underwriters at Lloyds Subscribing to Policy No. EE1701590

Court: Tx Sup  12/03/2021  Court Rules For Insurers In Dispute Over Interpretation of Policy Exclusion in Coin Dealers' Policy

The Court found that the insured's construction of a policy exclusion barring payment if the loss of the insured property was "consequent upon" payment by a fraudulent check was unreasonable and further that there was no independent cause of loss that would take the claim outside of the parameters of the exclusion.

Coin Dealers Policy, Invalid Payments Exclusion Clause, consequent upon, construction, interpretation, ambiguity, ambiguous

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