Minney v. Furman, Lawrence Parker

Appellees were engaged in writing fire insurance, and appellants had a 20-year lease on the Worth Building in Fort Worth and made application to appellees for a leasehold policy of insurance covering only a total destruction of the building. Appel-lees did not know what rate the state insurance commission had fixed- on said building for this class of risk and wrote the policy at an open rate for $40,000, with the promise that they would obtain the rate and furnish appellants therewith. The form of policy used was a leasehold policy covering both partial or total destruction of the building,…