Henne v. Glens Falls Insurance

The plaintiff is a common carrier of merchandise. He owns several trucks and vans which are used to transport such merchandise on the highways. He desired indemnity insurance which would reimburse him for amounts he might be required to pay shippers for losses occurring in transporting such goods. He did not seek and did not receive a fire insurance policy. He received an indemnity policy, referred to in the record as a “floater” and as “transportation and marine.” It indemnified him for losses he was required to pay on goods destroyed in transit while being carried on one of his trucks. This…