- 5 - $1,270,658, which included construction of a single family dwelling, foundation, and site improvement work. The terms of the construction contract required certification by decedent’s architect before progress payments and/or change orders could be made. Chubb reviewed the architect’s certifications and any accountings by Krueger. Chubb used the information from these materials as a basis for preparing “Statements of Loss”, the enabling document preceding reimbursement to decedent. Although Chubb paid reimbursement proceeds directly to decedent, Krueger performed the renovations based on its expectation of Chubb’s reimbursement of decedent. Chubb made payment only after receipt of verification that work had been performed and accounted for by Krueger. Chubb also made payments to decedent for living expenses while the residence was being rebuilt. Prior to her November 4, 1994, death, decedent received payments totaling $1,663,102 from Chubb, which Chubb characterized as follows:Page: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Next
Last modified: May 25, 2011