N.J. Yacht Club’s Superstorm Sandy Lawsuit Takes Aim at Broker, Insurer

TRENTON, N.J. — A New Jersey yacht club that was destroyed during Superstorm Sandy has sued North American Specialty Insurance Co. and the broker that sold it a policy that the plaintiff says fell significantly short of providing adequate protection against storm-related losses.

The complaint, filed Oct. 1 in Ocean County Superior Court, takes particular aim at Liberty Insurance Associates, the broker hired by Harbour Yacht Club and Marina to recommend and obtain coverage for the Mantoloking, N.J., property.

Harbour purchased, upon the advice of Liberty, a policy from North American Specialty that provided $750,000 in coverage for damage to …