Hanson v. Homeland Insurance Co. of America

Matson, Justice.

Appeal from an order denying defendant’s motion for a new trial in an action wherein a verdict was directed for plaintiffs.

In 1947 defendant issued to plaintiffs, who operate a commercial trailer sales business in Minneapolis, a policy insuring plaintiffs against loss by theft of any vehicles owned by the insured and held for sale. Plaintiffs stored and displayed the trailers in an open lot. Plaintiffs, alleging ownership of a secondhand Fruehauf trailer, brought this action on the policy to recover a $1,250 loss resulting from the theft of said trailer. Defendant denied…