Niagara Fire Insurance Co. v. Numismatic Co. of Fort Worth

LANGDON, Justice.

Suit upon a personal property insurance policy was brought by Eliot J. Cashdan against his insurer, North River Fire Insurance Company, to recover the value ($14,589) of a group of rare coins stolen by armed robbery. Combined with it was the suit of Numismatic Company of Texas, a corporation, d/b/a Ridglea Coin & Stamp Mart, against its insurer, Niagara Fire Insurance Company, to recover for the identical loss. In order to determine under which policy the loss fell, the question for decision is whether the coins were owned by Cashdan individually, or by Numismatic Company of…