7th Circ. Backs $25K Cap On 'Business Property' Lost In Fire

By Hope Patti ( July 14, 2026, 4:02 PM EDT) -- A Chubb unit properly limited coverage to $25,000 for the contents of an Illinois mansion that was destroyed in a lightning-sparked fire, the Seventh Circuit ruled, saying the use of the contents for commercial purposes barred the owner from accessing a higher $3.5 million coverage limit....

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