General Insurance Company of America v. Killen

STAKELY, Justice.

This case involves the effect under the evidence in this case of the “value reporting clause” in a policy of fire insurance.

General Insurance Company of America, a corporation (appellant), filed its bill for a declaratory judgment in the Circuit Court of Limestone County, in Equity, against M. S. Killen and Minnie Sharp Killen, doing business as Sharp and Killen Department Store (appellees). The allegations of the bill in substance show the following.

On January 31, 1956, the appellant issued a reporting form policy of fire insurance to the appellees. The policy provided…