Stoops v. First American Fire Insurance

This is an action by appellee on a contract of insurance covering loss and damage to an automobile from fire, theft and collision or upset. The automobile was wrecked in an upset. By an appraisal made pursuant to the terms of the insurance contract, it was found that the cash value of the automobile at the time of the accident was $2000, and that the “ cost To repair or replace the damaged parts of the automobile with other of like kind and quality” would be $1100.

The insurer, appellant, admits its liability for $1100, the cost of repair and replacements, as found by the board of appraisers,…