Turner v. Bankers Shippers Ins. Co., Ny

McCALEB, Judge.

This controversy arises under the following state of facts:

On October 14, 1936, the plaintiff, Mrs. James Olin Turner, purchased an Oldsmobile automobile and executed a chattel mortgage thereon in favor of the Southern Acceptance Corporation. On the same day, the defendant, Bankers & Shippers Insurance Company, issued to the mortgagee, the Southern Acceptance Corporation, its open policy No. E-831S08 protecting said, mortgagee and Mrs. Turner, the owner of the car, against .any loss (subject to a deduction of $50.00) which they might suffer in the event the automobile was…