Thompson-Ritchie & Co. v. Graves

On April 28, 1927, a fire destroyed the homestead of the defendant, C. E. Graves, and part of the furniture on the premises. The loss was covered by a policy for $2,000 held by the defendant in the Fire Association of Philadelphia. The homestead was insured for $1,500 and the furniture for $500. The loss was adjusted by deducting from the full insurance of $2,000 the sum of $206, the value of the furniture saved from the fire, leaving a balance of $1,794 due to defendant under the policy, without allowing for other deductions hereafter mentioned.

Plaintiff company, a judgment creditor of the…