INSURANCE COMPANY OF NO. AMERICA v. County of Hall

A house owned by the defendant was completely destroyed by fire. Pursuant to section 44-501, R. R. S. 1943, the policy insured the dwelling “to the extent of the actual cash value of the property at the time of the loss,” the “amount of insurance” written in the policy was in the sum of $8,500. Section 44-380, R. R. S. 1943, provides: “* * * the amount of the insurance written on such policy shall be taken conclusively to be the true value of the property insured and the true amount of loss and measure of damages.” The question involved is whether the insured may recover the full face value…