Kisow v. National Liberty Insurance Co. of America

On January 18, 1930, the defendant issued to the plaintiffs a policy of insurance wherein and whereby, for a term of three years from that day, it insured the plaintiffs’ dwelling house against loss or damage by fire, in the sum of $1,500. As a result of a loss which occurred a short time before the loss here in controversy, the coverage of the policy was reduced to $1,402.19.

On October 20, 1932, both plaintiffs were stockholders and officers in the Kisow-Fowler Agency, a Wisconsin corporation. The plaintiff, William F. Kisow, was the president of that agency. At that time the Kisow-Fowler…