Frank B. Hall & Co. v. Vic Bailey Lincoln-Mercury, Inc.

This appeal involves a subrogation action commenced by Frank B. Hall & Co,, Inc., of California (appellant-insurer) against Vic Bailey Lincoln-Mercury, Inc., and V. C. Bailey (respondents-insureds). The trial court directed a verdict for the insureds at the close of the insurer’s case. We reverse and remand for a new trial.

*283The parties had an insurance contract covering a building and contents owned by the insureds with a stated value of $30,000 on the building and $7,000 on the contents. While repairs were being performed on the building, it was destroyed by fire during the term of this…