Morgan v. Union Automobile Insurance

On July 10, 1926, the respondent Bicknell was the owner of an automobile truck, on which there was an unpaid chattel mortgage in favor of his co-respondent Morgan. On the date given, Bick- nell procured insurance on the truck, against loss or damage by fire, from the appellant, Union Automobile Insurance Company.

"While the insurance premium seems to have been based on a valuation of fifteen hundred dollars, it was provided, by a rider attached to the policy, that should a total loss occur the company’s liability should be the actual cash value of the truck at the time of the loss, anything in…