Van Keuren v. Travelers Indemnity Co.

1. Where a contract of insurance insures the proprietor of a jewelry store against robbery committed on his premises, which robbery is defined in the policy as “ an overt felonious act committed in the presence of a custodian and of which he was actually cognizant,” a felonious taking or conversion by a customer of a diamond-ring on the premises of the insured, even though done in the presence of the clerk or custodian as contemplated in the policy, is not such a felonious taking as is insured against by the policy, unless the clerk having the ring in custody had actual knowledge of its…