Marine company claims vessel insurance was withheld despite payments to insurer
GRETNA – A Jefferson Parish marine company is suing a Delaware-based insurer claiming it paid insurance premiums on a non-existent insurance policy.
Crown Point Holdings, LLC filed suit against Daman & Associates, Inc. and its insurer in the 24th Judicial District Court on Oct. 1. Crown Point Holdings claims it made a $20,000 payment for the first part of a $58,000 insurance premium for its businesses ships and vessels in March 2011.
The plaintiff alleges it needed an insurance contract for a project it was bidding on and that when it received the insurance policy contract following the payment it was inadequate to meet its needs. Further Joseph Dardar, employee and general manager of Crown Point Holdings, asserts that he called Damon & Associates after the contract and asked that a boat be taken off of port risk, at which time he was allegedly told that there was no policy in effect for the company.
Dardar claims he decided to not make further payments to Daman & Associates until the confusion over the policy could be cleared up.
Crown Point Holdings alleges that when it requested a refund of the $20,000 insurance payment from Daman & Associates it was given a check for only a fraction of that amount and it was made out to a different company.
The defendant is accused of causing the plaintiff to lose out on an estimated profit of $125,000 on the VanDome Canal project as well as other contracts that could have been obtained.
An unspecified amount in damages is sought for compensation for Crown Point's losses and for a full refund of the $20,000 insurance premium payment.
Crown Point Holdings is represented by Gretna-based attorney Overton T. Harrington, Jr.
The case has been assigned to Division C Judge June Berry Darensburg.
Case no. 719-620.