World Fire Marine Ins. Co. v. Tapp

Opinion of the Court by

Stanley, Commissioner—

Eeversing.

In December, 1935, T. B. Tapp acquired a general store in the village of Stanley, Daviess County, and his wife principally conducted the business until it was destroyed by fire one night in September, 1936. In January, 1936, Tapp obtained $1,850 insurance with the World Pire and Marine Insurance Company (of which $1,000 was on merchandise, $300 on the fixtures and equipment, and $550 on the building), and in addition a policy for $1,000 on the stock with the Home Insurance Company of New York. Both companies having declined to pay the…