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LEE v. UNITED STATES FIDELITY & GUARANTY COMPANY

538 P.2d 359 (1975)

Mike Wilson LEE et al., Respondents, v. UNITED STATES FIDELITY & GUARANTY COMPANY, a Maryland Corporation, Appellant.

Supreme Court of Oregon, In Banc.

Decided August 7, 1975.

Attorney(s) appearing for the Case

Bernard Stea, Portland, argued the cause for appellant. On the briefs were Walter J. Cosgrave, James H. Gidley, and Cosgrave & Kester, Portland.

William F. Schulte, Portland, argued the cause and filed a brief for respondents.

HOLMAN, Justice.

Plaintiffs, who are contractors, brought this action against defendant, plaintiffs' liability insurance carrier, upon their policy of insurance. They sought recovery of their expenses which were incurred in repairing flood damage to a building which plaintiffs constructed and sold to others and for the cost of replacing certain personal property damaged by the flood waters. Defendant appeals from a judgment

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