Commercial Standard Ins. Co. v. E. P. McKnight Chevrolet Co.

This was a suit by appellee against appellant upon a policy of fire insurance. In its original petition, appellee, E. P. McKnight Chevrolet Company, alleged that it and appellant, Commercial Standard Insurance Company, were each private corporations. For cause of action it alleged that on or about the 8th day of August, 1929, appellant issued to it a policy of fire insurance in the sum of $10,000 covering certain automobiles, insuring them against loss by fire, the policy stipulating that, in the event of a fire, if the parties were unable to agree on the amount of damages, they should…