Tenore v. American & Foreign Insurance Co. of New York

DUFFY, Chief Judge.

Plaintiffs bring this action on eight policies of fire insurance covering contents of a mail order gunshop located on West Division Street, Chicago, Illinois. The total amount of the policies was $80,-000.00. A fire occurred on October 10, 1951. The proofs of loss submitted by plaintiffs were for $78,698.34. The case was tried to the Court. A judgment was entered in favor of plaintiffs in amounts aggregating $20,000.00.

In late July, 1951, plaintiffs entered into an equal partnership agreement to engage in “the business of buying, selling, trading of Guns, Gun parts, Surplus…