Indiana Farmers Mutual Insurance v. Walters

In February, 1940, appellant issued a policy of fire insurance to appellee Jonh A. Walters. The coverage included $2,500 on a dwelling and $300 on a smoke house. In May, 1940, both were destroyed by fire. After investigation appellant offered settlement in the sum of $2,500 which offer was accepted. The money was not paid. Suit was brought, the first paragraph of the complaint counting on the policy, the second on the compromise agreement. There was a trial, special findings of fact and one conclusion of law to the effect that the three appellees were entitled to recover in the sum of $2,800…