Aetna Insurance Co. v. Young

H. L. Young Jr. sued iEtna Insurance Company, and seventeen other like companies, on an insurance policy for alleged losses sustained on account of damages to the plaintiff’s airplane caused by hailstorms. The policy provides that the maximum limit of liability for loss or damage to any of the component parts of the aircraft shall not exceed that percentage of the declared value shown opposite each component part. These percentages were: wings (equal amount on each), 20%; fuselage, 18%; ailerons (equal amount on each), 3%; stabilizers (equal amount on each), 4%; elevators (equal amount on…