British America Assurance Co. v. Bradford

The opinion of the court was delivered by

Doster, C. J. :

This wTas an action brought by J. H. Bradford against the British America Assurance Company upon a policy of fire insurance, executed under what is called the “ valued-policy law.” (Laws 1893, ch. 102.) The policy contained a forfeiture clause terminating the rights of the insured under it in the event that more than $3000 additional insurance should be placed upon the property. It also contained stipulations providing for arbitration in the events of loss and a disagreement as to the *83amount justly payable. The amounts of the risks,…