(DOWNLOAD) "Bering Strait School District v. Rli" by Supreme Court of Alaska * Book PDF Kindle ePub Free
eBook details
- Title: Bering Strait School District v. Rli
- Author : Supreme Court of Alaska
- Release Date : January 20, 1994
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 69 KB
Description
MATTHEWS, Justice. On October 17, 1989, the high school building in the village of Stebbins was destroyed by fire. The appellant, Bering Strait
School District, owned the building and had secured fire insurance for it under two all risk policies, one issued by RLI Insurance
Company, and the other issued by Lexington Insurance Company, the appellees in this case. The Stebbins high school building
was originally constructed in 1979. By the time of the fire, building code requirements had changed to some extent. In order
to rebuild the high school building in accordance with current building codes, an additional $206,466 had to be expended.
The insurance companies refused to pay this sum, although they otherwise paid the replacement cost of the building, a sum
of approximately $3,500,000. The issue presented in this case is whether payment of the code upgrade cost is also required.
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