Foster & Creighton Company v. Travelers Indemnity Company

Plaintiff brought suit in the United States District Court for the Middle District of Tennessee against defendant insurance company, which had sold it an insurance policy called a “transportation policy.”

The critical language in the policy to this litigation follows:

“1. This Policy insures building materials, plumbing, heating and electrical equipment, supplies and fixtures, the property of the Assured or property of others while in transit to and while on premises awaiting and during installation until completely installed and accepted or the interest of the Assured ceases, whichever first…