Baker & McDowell Hardware Co. v. Liverpool & London & Globe Insurance

This was a suit on a policy of fire insurance, instituted by the assignees thereof, and to which the following defenses were propounded.

First. Fraudulent overvaluation of the stock of goods insured.

Second. Fraudulent misrepresentation contained in the application to the effect that the insured had, on the 1st day of August, 1901, and prior to the application, taken a detailed inventory of the stock of goods insured and that the exact value of the stock of goods at that time was $11,000.00.

*462Third. Violation of the Iron-Safe Clause in that the assured had not kept the said inventory in a fire…