Douglas v. Insurance Co. of North America

In May, 1918, plaintiff, who lived in Detroit, bought a used Ford touring car from the “Studebaker people” for $250, paying $110 down and signing the customary contract of purchase with deferred payments by which he agreed to pay the balance within 6 months and insure the car for protection of both parties as their interests might appear. He accordingly insured the car with defendant against loss by theft, fire, etc., in the sum of $225 for a period of one year from May 31, 1918, and paid for his car in full within the prescribed 6 months. He had possession and use of the car from the time of…