Southern Insurance v. Johnson

Opinion op the Court by

Judge O’Rear

Reversing.

Appellant issued to appellee upon sufficient expressed consideration a policy of insurance, whereby it indemnified appellee against loss or damage by fire upon a certain mill property not to exceed $1,500, or its value if less than $1,500, and loss and damages by fire to certain named articles of machinery in the building, not exceeding $1,500 in the aggregate. It was stipulated in the contract of insurance that in the event of loss or damage to the property by fire the insurer was to he liable only to the extent its policy of insurance bore to the…