Van Norman v. United States Fidelity & Guaranty Co.

I respectfully dissent.

The pertinent provisions of the homeowner’s policy at issue are set forth as follows:

“DESCRIPTION OF PROPERTY AND INTERESTS COVERED

Coverage C — Unscheduled Personal Property

*434This coverage also includes such unscheduled personal property while elsewhere than on the described premises, anywhere in the world:

1. owned or used by an Insured; . .

PERILS INSURED AGAINST

10. Theft, meaning any act of stealing or attempt thereat, including loss of property from a known place under circumstances when a probability of theft exists. Unscheduled personal property contained in any bank,…