Ruby Cooperative Co. v. Farmers Elevator Mutual Insurance

Kelly, District Judge.

This is an action brought by the plaintiff-appellee, a cooperative grain storage company, against the defendant-appellant, a mutual insurance company, which insured certain buildings owned by the plaintiff. The defendant also insured the plaintiff for contents of the buildings and other forms of insurance used in plaintiff’s business, however, these are not particularly important to this action other than as may be stated further in this opinion.

On February 24, 1969, the defendant issued its insurance policy No. 60-854 to the plaintiff herein, insuring thereby certain…