Shefrin v. Hawkeye Casualty Co.

REEVES, Chief Judge.

This is an action on a policy of automobile theft insurance. The plaintiff, as an automobile dealer, on November 4, 1947, purchased a 1947 Buick Super Model 4 Door Sedan at a stipulated cost of $2750. On December 23d following he obtained from the defendant a policy of insurance which, among other contingencies insured against, included one designated as: “D Theft (Broad Form)”, and by coverage “W” were inserted the words, “Comprehensive-Loss or Damage to the Automobile, Except by Collision but including * * *, Theft * * * Actual Cash Value.” In like manner, under the said…