Walton Hauling & Warehouse Corp. v. Aetna Casualty & Surety Co.

Plaintiff, a corporation specializing in the hauling and storage of theatrical properties, purchased a policy of insurance from defendant, which covered it for liability as a carrier for loss or damage caused by specified perils to shipments of goods while in transit. The specific clause at issue provides that the policy “ covers the [plaintiff’s] liability as a carrier * * * for loss or damages directly caused by perils hereinafter specified to shipments of lawful goods consisting principally of theatrical and television equipment while such goods are in due course of transit in or on *960vehicle…