Dickson v. United States Fidelity & Guaranty Co.

This is an action by the insured under an “all risk” contractor’s equipment floater insurance policy. On August 1, 1963, one of plaintiffs’ cranes, covered by the insurance policy, was damaged when its boom collapsed while engaged in pulling “H” beams out of the ground on a highway project. The crane contained a defective weld where a cross-brace was attached to a longitudinal member of the boom. It is not disputed that this defective weld was a latent defect. Following a trial before the court, judgment was entered for plaintiffs in an amount representing the replacement cost of the crane…