Grassie v. Merrimack Mutual Fire Insurance

This case was transferred without ruling by the Superior Court (Flynn, J.) upon an agreed statement of facts. It presents the narrow question of whether a “comprehensive dwelling policy” issued by the defendant to the plaintiffs, and in particular a personal property floater annexed thereto, afforded coverage in excess of $250 against theft of a collection of watches owned by the insured. The floater insured “personal property owned, used or worn” by the insureds “while in all situations ...” against “[a]ll risks of loss or damage . . . except as hereinafter provided.”

The floater then…