Sumlin v. Colonial Fire Underwriters Branch of National Fire Insurance Co. of Hartford

TERRELL, J.:

Charles Z. Sumlin owned a house in Pensacola, on which he carried $850.00 insurance, with Mercury Insurance Company. He carried $500.00 insurance on his furniture with the same company. He also carried $650.00 insurance on the house with another company. Both policies represented the insurable value of the house to be $1,500.00. The $650.00 policy expired and the policy with Mercury Insurance Company was increased to $1,500.00, without increasing the insurable value of the property. Sumlin then executed a mortgage on the property to a third party for $1,500.00, to secure a loan.…