Reserve Insurance v. Dearhart

Grice, Justice.

For consideration here is the automatic cov erage provision of an automobile liability insurance policy, reciting in material part as follows: “Newly acquired automobile — An automobile, ownership of which is acquired by the named insured ... if (i) it replaces an automobile owned . . . and covered by this policy, or, the company insures all automobiles owned by the named insured ... on the date of its delivery . . .”

Reserve Insurance Company, which issued the policy, filed suit for declaratory judgment in the Superior Court of DeKalb County against Thomas Fred Rauschenberg,…