Southern Underwriters v. Williams Lumber Co.

This suit was instituted by appellee, Williams Lumber Company, a copartnership, against appellant, Southern Underwriters, an insurance exchange, to recover on a fire insurance policy issued by it, the sum of $5,-894.48-, the alleged value of appellees’ property destroyed by fire. Said policy purported to be perpetual and covered certain buildings, sheds, and stocks of merchandise constituting a retail lumber yard. It was dated December 28, 1916, and provided that, if an annual premium- of $49 was not paid within thirty days after January 30th of each year, the same should be null and void.…