St. Paul Fire & Marine Ins. v. Wilbourn

PATTERSON, Justice:

This is an appeal by St. Paul Fire & Marine Insurance Company from a judgment of the Circuit Court of Lauderdale County wherein it was found liable to J. C. Wilbourn in the sum of $1900 by the terms of a standard fire and extended coverage policy.

In December 1963 J. C. Wilbourn entered into a contract to purchase the Melton Building in the city of Meridian and acquired title thereto on March 11, 1964. On March 5, 1964, he procured an option to buy the Frank Tank Building which was situated immediately adjacent to the Melton Building. The Frank Tank Building was gutted by…