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CITY OF HOLLISTER v. MONTEREY INS. CO.

No. H029296.

165 Cal.App.4th 455 (2008)

CITY OF HOLLISTER, Plaintiff and Respondent, v. MONTEREY INSURANCE COMPANY et al., Defendants and Appellants.

Court of Appeals of California, Sixth District.

July 29, 2008.

Attorney(s) appearing for the Case

Long & Levit, John B. Hook and Irene K. Yesowitch for Defendants and Appellants.

Law Offices of Joel Franklin, Joel Franklin; Law Offices of Vincent P. Hurley, Vincent P. Hurley; and Stephanie A. Atigh, City Attorney, for Plaintiff and Respondent.

OPINION

RUSHING, P. J.

An old municipal building at the Hollister airport caught fire. The City of Hollister (City) sought to recover the building's "functional replacement value" under an insurance policy issued by Monterey Insurance Company (MIC). The policy provided that if City wished to recover such benefits, it must enter into a contract to repair or replace the building within 180 days after the fire. Throughout this period, however,...

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