Farm Bureau Mutual Ins. Co. of Ark., Inc. v. Barnes

This is an action on a fire insurance policy by which the appellant insured the ap-pellee’s house and barn for $1,500. Upon the total destruction of the buildings by fire the policyholder contended that under the valued policy law the insurer was liable for the full amount of the policy without regard to the actual value of the property. Ark. Stats. 1947, § 66-515. In denying complete liability the insurer asserts that the buildings had become personal property by constructive severance from the soil and were therefore not within the scope of the statute in question, which provides that it…