Fairwinds Estate Winery sued Kinsale Insurance Co. which denied a $2 million claim arising from the Glass Fire, which destroyed the winery in 2020.
Kinsale says an $8.2 million policy Fairwinds had with Beazly Insurance Services was more than enough to cover damages from the fire. Kinsale sales the value of Fairwinds main building and tasting room were %4.5 million, less than the amount covered by Beazley. Ergo, Kinsale says, it doesn’t owe Fairwinds a penny.
The suit claims Kinsale valued Fairwinds’ main building, tank building, tasting room, business personal property and outside equipment amounts to $6,542,831. “Thus, even if Fairwinds lost every single piece of property in a wildfire, because the underlying policy’s coverage limit is greater than that amount at $8,310,000, coverage under the excess policy would not be triggered,” reads the complaint, which says Kinsale knowingly sold Fairwinds a worthless policy.