Old Colony Insurance Company v. W. R. Anderson, D/B/A Duke Anderson Drilling Company

MURRAH, Circuit Judge.

This appeal involves coverage for damages to appellee’s drilling unit under appellant’s “Scheduled Property Floater Policy” insuring the appellee against, among other things, “direct loss of and/ or damages to” the drilling unit “by: (f) collision, derailment or overturning of land conveyances while the insured property is being transported thereon on land.”

The undisputed facts are that while the insured drilling unit was being transported on a truck, and the truck was checking its speed on a curve, the boom chains broke, causing the unit to slide off the truck and onto…