Phil G. Ruvelson, Inc. v. St. Paul Fire & Marine Insurance

Knutson, Justice.

Appeal from an order sustaining a demurrer to plaintiffs’ amended complaint.

Plaintiffs are engaged in the business of selling jewelry and diamonds to dealers. On October 8, 19á9, defendant issued a policy of insurance to plaintiffs under which it insured plaintiffs for a period of one year against “loss of and/or damage to the above described property [which included the property here involved] or any part thereof arising from any cause whatsoever except as hereinafter mentioned, viz:”

Thereafter follow 12 separate exceptions, including paragraph (I), which is involved in this…