Federal Mutual Insurance Co. v. Hanks

OPINION

COOPER, Chief Justice.

The issue presented in this case is whether an automobile owned by the insured but out of service being repaired at the time the automobile liability insurance policy issued, and which was later placed in service in place of the insured automobile, is within the coverage provided in the policy for a “newly acquired automobile.”

Petitioner, Federated Mutual Insurance Company, was held to be obligated to pay judgment secured by Charles D. Biggers, James D. Osborne, and W. T. Osborne against respondents, Marshall Hanks, and the Estate of German J. Hanks, deceased, as…