Penthouse Owners Ass'n v. Certain Underwriters at Lloyds, London

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• “The purpose of a deductible is to shift some of the insurer’s risk (that is, covered risk), to the insured, which is accomplished by setting a limit on the value of covered losses below which the insurer is not obligated to pay.” (emphases added)

Source: CourtListener parenthetical corpus (CC0).