Forrest v. General Insurance Co. of America

John B. Robbins, Judge.

Appellant’s airplane was insured under a policy issued by appellee, General Insurance Company of America, when it sustained damage during a wind and hail storm. The insurance policy provided in part:

In the event of partial loss, the Company’s liability, when repairs are made by the Insured shall not exceed the actual cost less discounts, if any, of parts and materials of a like kind and quality plus the actual cost to the Insured of labor (with no additional for overhead or overtime) plus fifty percent (50%) of such labor costs ....

Appellant obtained two estimates for…