Dunsmore v. Co-Operative Fire Ins. Ass'n of Vermont

The plaintiffs were issued a standard fire insurance policy covering farm property by the defendant company to which a so-called “Machinery Floater Form” was attached. By this form the movable farm machinery listed in the schedule of the policy was insured against loss or damage directly resulting from certain specified hazards. One such peril and the one with which we are concerned here reads as follows:

“Collision or derailment or overturn of a vehicle while the insured property is being legally transported on a public highway.”

The facts are undisputed. One item in the schedule of property…