Home Indemnity Company v. Desert Palace, Inc.

OPINION

By the Court,

Collins, C. J.:

This is an appeal from a judgment rendered upon stipulated facts and concerns interpretation of a clause in an insurance contract. The trial judge ruled for respondent. We affirm that ruling.

Appellant, as insurer, entered into a contract of insurance protecting money and securities in transit with respondent which contained the following clause: “Loss of Money and Securities by the actual destruction, disappearance or wrongful abstraction thereof outside the Premises while being conveyed by a Messenger or any armored motor vehicle company, or while within…