Hartford Fire Insurance Company v. Martin

BLACKBIRD, Chief Justice.

On August 14th, 1959, plaintiff in error,, hereinafter referred to as the “insurer”, issued to defendant in error, hereinafter referred to as the “insured”, a policy of so-called “Yacht” insurance in the amount of $3500.00 on an inboard 20-foot Dodgecraft boat the insured owned. Thereafter, on or about October 1st of the same yeai, the boat sank during a storm on Fort Gibson Lake. Thereafter, the insurer rejected the insured’s claim of loss under the policy, and, when he brought this suit to recover for said loss, the insurer defended on the ground that the insured…