Tumblin v. American Insurance

The plaintiff had a finding in the District Court for the loss by theft of electrical equipment, tools, and stock stored in a utility trailer. The policy on which the action was brought was issued by the defendant to cover loss of such property, so located, by fire and certain other risks. On October 8, 1959, two indorsements were added reading, (1) “ This policy is extended to cover against the peril of theft, it being agreed, however, that from the adjusted amount of each loss caused by this peril, the sum of $25.00 shall be deducted.” (2) “Locked car warranty This policy covers against…