Jefferson v. Liverpool & London & Globe Insurance

BICKS, District Judge.

In 1956 defendant, an English insurance carrier authorized to transact business in the State of California, issued a policy of insurance to plaintiffs, 1 wherein in consideration of the premiums paid and agreed to be paid, it undertook to insure plaintiffs against the risks therein set out, including “ * * * physical loss or damage to the property insured * * * and liability to third persons for damages because of injury to or destruction of property including the loss of use thereof,” in an aggregate amount exceeding $3,000. 2

The term of the policy was three years from…