Travelers Indemnity Co. v. Purcell Co.

MILLIKEN, Justice.

This is an appeal from a judgment denying the Travelers Indemnity Company recovery on a subrogation claim they held against The Purcell Company for the loss of a fur coat which had been placed in storage at Purcell’s. The owner of the coat had declared its value at $100 at the time of storage, and had paid a proportionate storage rate therefor. The coat was covered by an insurance policy of its owner with Travelers, and Travelers paid the owner $1,000 for Purcell’s loss of the stored coat. The owner also received and accepted a check of Purcell’s for $100 which was intended…