Waters Motor Co. v. Grain Dealers Mutual Insurance

The only issue presented on this appeal is whether the plaintiff is precluded from recovery for theft of the automobile under the exclusion clause contained in the rider attached to the automobile policy.

The defendant-respondent insurance company issued to the plaintiff-appellant an automobile dealers’ policy of insurance insuring its automobiles. The insurance policy is in the same form as many ordinary policies covering individual automobile owners. There is attached to the policy a rider entitled “Automobile Dealers’ Open Policy — Monthly Reporting Form 'A’.”

In the insuring agreement of…