Opinion ID: 201603
Heading Depth: 2
Heading Rank: 2

Heading: Barquet's Insurance

Text: 13 Barquet argues that it had contracted for two types of insurance that are relevant to this action. First, Barquet contracted with third-party defendant Integrand Assurance Co. (Integrand) for commercial general liability insurance. Astoria Jewelry, 291 F.Supp.2d at 20. This type of insurance was intended to protect Barquet from liability to third parties due to bodily injury or property damage. However, the policy coverage had various exceptions. The critical exclusion for purposes of this case was that the policy did not apply to property damage to personal property in the care, custody, or control of the insured. The policy also stated that Integrand had a right and duty to defend any lawsuit seeking damages to which the insurance applies, but it would have no duty to defend the insured against any `suit' seeking damages for `bodily injury' or `property damage' to which this insurance does not apply. 14 The second insurance policy that Barquet points to is a jeweler's block insurance policy it retained from third-party defendant European Underwriters (EU). See Astoria Jewelry, 291 F.Supp.2d at 20. According to the policy's schedule of coverage, coverage in Barquet's case only applied to losses or damage to Barquet's Stock (including other people's goods). 3 15 Jeweler's block insurance is a complex type of insurance that covers a broad combination of risks and dangers faced by jewelers. See generally 1 Couch on Insurance § 1.57. The parties agree that coverage of Barquet's Stock (including other people's goods) was all risk in the sense that coverage included all possible ways stock could be damaged or lost except those expressly excluded by a limitation or exclusion clause in the policy. See, e.g., Golden Door Jewelry Creations, Inc. v. Lloyds Underwriters Non-Marine Ass'n, 8 F.3d 760, 763 (11th Cir.1993). Relevant to this case, the policy included what it called a Locked Showcase Warranty, which stated: It is a condition precedent to all liability of [EU], in respect of loss by Theft, that whilst the premises are open for business, all showcases, safes and cupboards containing Stock, and the rear of all display windows be locked and keys removed therefrom, other than during the process of items being added or removed by a responsible authorized person. Also, losses to stock were expressly not covered if they were a result of stock taking losses, unexplained shortages and mysterious disappearances.