Supreme Court of Vermont October 30, 1978, 319-76 (City of Barre v. New Hampshire Insurance)

Larrow, J.

This is an action brought upon a “builder’s risk” policy of insurance, under which the plaintiffs were named insureds. It was originally purchased by City of Barre, for reasons not here material no longer a party in this action. The premises insured were a recreation building being constructed for the City by plaintiff R. E. Bean Construction Company, Inc., also a named insured.