Fireman's Fund Ins. Co. v. Vermes Credit Jewelry, Inc

SANBORN, Circuit Judge.

This is an action to recover for a fire loss covered by a “jewelers’ block policy” insuring a stock of jewelry in a store on Hennepin Avenue in Minneapolis, Minnesota, against all risks, including fire. The policy contained a warranty that the insured would, while its store was closed, keep a certain percentage of its jewelry in a safe. The District Court ruled that this warranty was ineffective in so far as the policy insured the stock in the store against loss by fire, because of the Minnesota standard fire policy law, Section 65.01, Minnesota Statutes Annotated, and…