Brady v. North Western Insurance
Michigan Supreme Court
Error to Oakland Circuit. The action was brought by Brady upon a policy of insurance for $2,000, issued January 1, 1856, for one year, and renewed annually thereafter, the last renewal being January 1, 1861. The policy covered a three-story wood warehouse owned by Brady, in the city of Detroit.
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Error to Oakland Circuit. The action was brought by Brady upon a policy of insurance for $2,000, issued January 1, 1856, for one year, and renewed annually thereafter, the last renewal being January 1, 1861. The policy covered a three-story wood warehouse owned by Brady, in the city of Detroit. Among the conditions of insurance inserted in the policy was the following: “ X. In case of any loss or damage to the property insured, it shall be optional with the company to replace the articles lost or damaged with others of the same kind and equal goodness, and to rebuild or repair the building or…
1Opinion of the Court
Martin Ch. J.:
The plaintiff in this case was insured by the defendants in the sum of two thousand dollars, upon his warehouse, on the first day of January, 1856, for one year. The policy of insurance' contained, among others, this provision: “This'insurance (the risk not being changed) may be continued for such further time as shall be agreed on; the premium therefor being paid and indorsed on this policy, or a receipt given for the same.” The obligation of the defendants seems to have been renewed every succeeding year, under this stipulation; and upon such renewed obligation, dating from…
2Cited by92 opinions
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