Svea Fire and Life Insurance Co. v. Walker

Opinion of the Court by

Judge Dietzman

Reversing.

The appellee was a dealer in automobiles at Providence, Ky., and in May, 1927, he insured with the appellant a “Studebaker Phaeton” automobile he had on hand for sale. This car was stolen in July following, and when it was later discovered, it had been practically destroyed by fire. The appellant declining to pay the insurance provided in its policy, this suit was brought. The appellee recovered the full amount of the policy, and from the verdict entered on that judgment this appeal is prosecuted.

For its defense to this suit, the appellant relied…