Baldwin Motors, Inc. v. Aetna Casualty & Surety Co.

On March 6, 1958, the defendant issued to the plaintiff a comprehensive dishonesty, disappearance and destruction policy insuring the plaintiff against loss for employee dishonesty and depositors’ forgery. The limit of liability for employee dishonesty is $20,000, and for depositors’ forgery, $50,000. The policy was issued through the Washington office of the defendant and was in force throughout the year 1959. Under the provisions of the policy, the employee dishonesty coverage is defined as “Loss of Money, Securities and other property which the Insured shall sustain through any fraudulent…