Southern Farm Bureau Casualty Ins. v. Gaither

Carleton Harris, Chief Justice.

Appellee, Bert ■Gaither, was involved in a collision while driving his 1963 International truck. At the time of the collision, Gaither held a policy of insurance with the appellant, Southern Farm Bureau Casualty Insurance Company, and the policy was in full force and effect. The particular provision pertinent to this litigation is as follows:

“The limit of the company’s liability for loss is the-actual cash value of the automobile or its damaged parts at the time of loss. The company may pay any loss or repair or replace the automobile or its damaged parts * *:;•…