Versace Mansion hotel gets split virus coverage decision

By Eli Flesch (Nov 10, 2021, 8:03 p.m. EST) – Hotel owners at the former Versace Mansion in Miami have lost an offer of business interruption coverage for $ 3 million in pandemic losses, but a The New York judge allowed them on Wednesday to apply for communicable disease coverage.

Judge Barry Ostrager said the owners of Villa Casa Casuarina were not entitled to business interruption coverage due to “well-established” case law showing that unless a loss is caused by direct physical loss or damage, it would not be a covered loss. The hotel and a connected Mediterranean restaurant were looking for cover as part of a Zurich policy, but their efforts fell …

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