The plaintiff, Hercules Moulded Products Inc., and the defendant, Stewart Title Guaranty Company, brought cross-motions for summary judgment regarding coverage under a commercial title insurance policy.
Hercules sought to recover losses related to a municipal by-law violation (dirty yard), development agreements, and an alleged building encroachment on two properties.
Stewart Title sought summary dismissal, arguing no coverage or applicable exclusions.
The court found no coverage for the by-law violation due to the work order being issued post-policy and the plaintiff's failure to disclose known issues.
It also found no actual loss demonstrated from the development agreements or the alleged encroachment, and that exclusions applied due to the plaintiff's knowledge and failure to provide timely notice.
The plaintiff's motion was dismissed, and Stewart Title's motion for summary dismissal was granted.