Fla. Court Cites 'Tangible Property' Exclusion in Absolving Travelers

MIAMI - A federal judge has ruled that a "tangible property" exclusion in a non-profit management policy precluded coverage for a condominium association accused of failing to properly maintain a roof and air conditioning systems. Eastpointe Condominium I Association Inc. v. Travelers Casualty and Surety Company of America, No. 08-81187 (E.D. Fla.).

Judge Daniel T.K. Hurley of the U.S. District Court for the Southern District of Florida awarded summary judgment to Travelers Casualty and Surety Company of America on Oct. 14 and denied a similar motion by plaintiff Eastpointe Condominium I Association Inc.

Eastpointe sued Travelers for defense and …