Parkhurst v. Gloucester Mutual Fishing Insurance

This is an action upon a policy of insurance by which the Gloucester Mutual Fishing Insurance Company “ cause David Parkhurst, for whom it may concern, to be insured, lost or not lost,” a certain sum for one year on seven eighths of the schooner James Sayward, “ to be insured in the manner prescribed by the by-laws, to be subject to all the restraints and liabilities therein set forth.” The. extracts from the by-laws, which are printed on the third page of the policy, show that it is intended to insure a fishing vessel on a fishing voyage. But neither the policy nor the by-laws contain any…