Chicago Fire & Marine Ins. Co. v. Herring

Appellee held a fire insurance policy with appellant for $3,600 on a dwelling house located in Mexia, Tex. While the policy was in force, a fire occurred which partially destroyed this building. Appellee claimed damages of $946.48. An adjuster representing appellant, after investigating the loss, executed a written agreement with appellee, reading in part as follows: “And by way of a compromise it is hereby stipulated and agreed that the sound cash value of said insured property immediately preceding the loss and the total loss and damage thereto are as follows: $760.00. * * * Said Insurance…