Hilton v. Federal Insurance

On or about June 1, 1927, the defendant insurance company issued to one Farwell, as owner of the sloop “California”, a policy of insurance covering that ship. On or before November 13, 1927, Farwell sold the ship to this plaintiff, a bill of sale being executed to the plaintiff’s wife and the testimony showing that the purchase price was paid out of their community funds. At the same time, the policy of insurance was assigned by Farwell to the plaintiff. The policy in question contained the following clause: “It is also agreed that this insurance shall be void in case this policy or the…