Dickenson v. Belt Automobile Indemnity Co.

Opinion by

Henderson, J.,

The plaintiff’s action is on a contract of indemnity on a second-hand automobile; the risk covered inter alia loss by theft; the maximum liability of the defendant on such a risk being 80% of the purchase price paid by the insured therefor with a reduction of 2% per month thereafter of the purchase price during the continuance of the insurance. The plaintiff stated in his application that he paid for the automobile, with the spare tire and tube thereto attached, the sum of $1,412.50. It was provided in the contract of indemnity that it should be void “if the subscriber…