Service Fire Ins. v. Reed

In 1951 Roger Reed, the appellee, purchased a Pontiac automobile. Part of the purchase price was financed by Universal C. I. T. Credit Corporation, hereinafter *797called U. C. I. T. The car was insured hy Service Fire Insurance Company, hereinafter called Service Fire. U. C. I. T. was the agent of Service Fire. The car burned on March 17, 1952. After several conversations between the adjuster for Service Fire and Reed, a proof of loss was signed by Reed which contained a release upon Service Fire paying U. C. I. T. the balance owing it by Reed of $656.25 and a $43.75 bill to a garage which Reed…