Mount Vernon Specialty Insurance Company v. Chippewa Loft LLC

CourtDistrict Court, E.D. Missouri
DecidedMarch 31, 2026
Docket4:22-cv-00583
StatusUnknown

This text of Mount Vernon Specialty Insurance Company v. Chippewa Loft LLC (Mount Vernon Specialty Insurance Company v. Chippewa Loft LLC) is published on Counsel Stack Legal Research, covering District Court, E.D. Missouri primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Mount Vernon Specialty Insurance Company v. Chippewa Loft LLC, (E.D. Mo. 2026).

Opinion

UNITED STATES DISTRICT COURT EASTERN DISTRICT OF MISSOURI EASTERN DIVISION MOUNT VERNON SPECIALTY ) INSURANCE COMPANY, ) ) Plaintiff, ) v. ) Case No. 4:22-cv-00583-SEP ) CHIPPEWA LOFT LLC, ) ) Defendant. ) MEMORANDUM AND ORDER Before the Court are Plaintiff’s Motion for Summary Judgment, Doc. [49], and Motion to Deem Facts Admitted, Doc. [63]. For the reasons set forth below, both motions are granted. FACTS1 AND BACKGROUND2 This case arises out of a fire that damaged a vacant stone and masonry church in St. Louis, Missouri, owned by Defendant Chippewa Loft, LLC. Doc. [1] ¶¶ 6-10. On October 26, 2021, the building sustained a partial loss when a fire engulfed its bell tower. Doc. [50] ¶ 14. On November 27, 2020, Mount Vernon issued an insurance policy—Policy No. DPS400875B—to Chippewa, insuring the building for $2,500,000 with a deductible of $25,000, from November 27, 2020, through November 27, 2021. Id. ¶¶ 1-3. In the event of a loss involving the insured property, the Policy requires the insured to perform certain duties after loss as conditions precedent to coverage, including cooperation with Mount Vernon during the investigation and settlement of the claim. Id. ¶ 4. In relevant part, the Policy states: Duties in the Event of Loss of Damage a. You must see that the following are done in the event of loss or damage to Covered Property: *** (5) At our request, give us complete inventories of the damaged and undamaged property. Include quantities, costs, values, and amount of loss claimed. *** (8) Cooperate with us in the investigation or settlement of the claim. Id. ¶ 4; Doc. [50-1] at 40. The Policy contains a two-page list of declarations and endorsements, under the statement: “The following forms apply to the Commercial Property Coverage part.” Doc. [50] ¶ 5. Form CP 109, “Functional Building Valuation,” is included in the list of endorsements. Id. The Functional Building Valuation Endorsement (FBVE) replaced the Policy’s original valuation provisions, which were an “actual cash value” valuation provision and a “replacement cost” valuation provision. Id. ¶ 10. The FBVE employs a “functional replacement” valuation method for calculating the value of repair costs, rather than “replacement cost” or “actual cash value.” Id. ¶¶ 11, 25. Under the FBVE, in the case of a partial loss, a functional replacement of the damaged property must be utilized, as opposed to an identical replacement. Id. The heading of the FBVE reads: “This endorsement modifies insurance provided under the following: BUILDING AND PERSONAL PROPERTY COVERAGE FORM.” Id. ¶ 7; Doc. [50-1] at 6. Under the express terms of the Policy, if Chippewa contracted to repair a covered loss, subsection (a) of the FBVE provides: With respect to the building described in the Declarations, Section E. Loss Conditions, 7. Valuation, items a. and b. are deleted in their entirety and replaced with the following: a. If you contract for repair or replacement of the loss or damage to restore the building shown in the Declarations for the same occupancy and use, within one hundred eighty (180) days of the damage, unless we and you otherwise agree we will pay the smallest of the following: 1. The Limit of Insurance shown in the Declarations as applicable to the damaged building. 2. In the event of a total loss, the cost to replace the damaged building on the same site with a less costly building that is functionally equivalent to the damaged building. 3. In the event of a partial loss, the cost to repair or replace the damaged portion of the building with less costly material, if available, in the architectural style that existed before the loss or damage occurred. 4. The amount you actually spend that is necessary to repair or replace the lost or damaged building with less costly material if available. Doc. [50] ¶ 8. Under the Policy, if, as happened here, Chippewa did not contract to repair a covered loss within 180 days of the loss and instead elected to receive a cash settlement, subsection (b) of the FBVE would have applied, which provides: With respect to the building described in the Declarations, Section E. Loss Conditions, 7. Valuation, items a. and b. are deleted in their entirety and replaced with the following: b. If you do not make a claim under a.1, a.2, a.3, or a.4, above, we will pay the smallest of the following, 1., 2., or 3.: 1. The Limit of Insurance shown in the Declarations as applicable to the damaged building; 2. The “market value” of the damaged building, exclusive of the land value, at the time of loss; or 3. The amount it would cost to repair or replace the damaged building on the same site, with less costly material in the architectural style that existed before the damage occurred, less allowance for physical deterioration and depreciation. *** The following Definition is added to Section E. Loss Conditions, 7. Valuation: “Market Value”, as used in this endorsement, means the price that the property might be expected to realize if offered for sale in a fair market. Id. ¶¶ 9-10; Doc. [50-1] at 6. Mount Vernon now concedes that the FBVE “is the appropriate formula to be used for loss valuation.” Doc. [69] at 2; see also Doc. [50] ¶ 37 (“Defendant does not dispute FBVE Section B governs valuation and payment on the relevant claim.”). On the day the building’s bell tower burned, Chippewa reported the loss to Mount Vernon, and Mount Vernon opened Claim K165932. Id. ¶ 15. Upon opening the claim, Mount Vernon retained third-party adjuster Douglas Maestas of Signature Adjustment Group to begin the process of investigating and adjusting the claim. Id. ¶ 16. In addition, Mount Vernon retained the real estate firm of Lauer, Jersa & Associates to determine the building’s market value at the time of loss. Id. ¶ 17. Chippewa retained public adjuster Paul Abrams of Edwin-Claude, Inc., to assist in preparing and presenting its claim. Id. ¶ 18. Pursuant to the engagement agreement between Edwin-Claude and Chippewa, Abrams was vested with sole authority to speak and act on behalf of Chippewa in all matters related to the claim. Id. On November 10, 2021, Mount Vernon sent an email to Defendant that included a copy of the entire FBVE endorsement from the Policy and requested a repair estimate that complied with the FBVE. Id. ¶ 20. On November 11, 2021, Abrams responded with an email that stated merely, “How do these partial provisions affect this claim?” Doc. [50-2]. Mount Vernon again requested an FBVE-compliant estimate from Defendant on February 24, 2022, as Defendant still had not provided any documentation evidencing the claim’s valuation per the Policy’s terms. Doc. [50] ¶ 21. On March 7, 2022, Abrams refused to provide the previously requested estimate until he was given “all documents requested in previous emails.” Id. ¶ 22. On March 8, Mount Vernon again requested an FBVE-compliant estimate, noting that Defendant had a duty to provide such an estimate under the Policy’s express terms. Id. ¶ 23. On March 18, 2022,3 Abrams emailed Plaintiff an estimate prepared by Leonard Masonry for repair of the bell tower. Id. ¶ 24. Leonard Masonry estimated the cost of demolition and rebuilding of the bell tower at $4,455,077 and noted that its estimated rebuild would use brick that matched the existing building “as close as possible,” and contemplated rebuilding the tower walls “to the existing thickness of 32 [inches].” Id. ¶¶ 27-28; Doc. [50-5] at 1. The Leonard Masonry estimate further stated that “[n]ewer and more modern methods of construction using an engineered steel frame structure with a single course of brick veneer could possibly lower the rebuild construction costs to between 1.7 and 2.7 million dollars.” Id. ¶ 29. The Leonard Masonry estimate did not use the “functional replacement value” required under the Policy, but rather, contemplated an identical replacement akin to a “like-new” state. Id. ¶ 25.

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Bluebook (online)
Mount Vernon Specialty Insurance Company v. Chippewa Loft LLC, Counsel Stack Legal Research, https://law.counselstack.com/opinion/mount-vernon-specialty-insurance-company-v-chippewa-loft-llc-moed-2026.