Commercial Coin Co. v. North River Insurance

Lipsitt, J.,

Defendant, the North River Insurance Company, has presented a motion for summary judgment pursuant to Pennsylvania Rule of Civil Procedure 1035. The suit involves a claim on behalf of plaintiff, Commercial Coin Company, to recover damages for the theft of coins in the amount of $30,000, which is the limit of coverage on an insurance policy.

Defendant issued to plaintiff an Inland Floater Policy of insurance, known as a Coin Dealer’s Floater Policy, effective for one year commencing March 19, 1965. On August 2, 1965, upon payment of an additional premium, an endorsement was added to…