Northwestern National Insurance v. Stanley

James H. Pilkinton, Judge.

On June 9, 1977, Northwestern National Insurance Company issued a renewal of a standard home owner’s policy to appellee, Charles B. Stanley. The policy insured certain jewelry, as scheduled, and a premium of $189.00 was collected for the coverage of this class of personal property. One particular 2.94 carat diamond ring was insured for $7,000 and was described in the schedule as “one lady’s 14K 2.94 Ct. diamond in 6-prong solitaire mounting.”

Mr. Stanley had carried this same coverage for a number of years, and the 2.94 carat ring had been insured for $7,000 under…