O'Donnell v. Commerce Insurance

This is an action in contract in which the plaintiff-insured seeks compensation pursuant to a standard auto insurance policy issued by the defendant for the theft and fire loss of his motor vehicle.

Judgment was entered for the plaintiff in the sum of $10,500.00.

The essence of the defendant’s appeal is a charge of error in the trial court’s construction of the “stated amount” coverage provisions of the insurance policy at issue.

The reported evidence indicates that in 1982, the plaintiff purchased a 1968 Chevrolet Corvette for the sum of $4,450.00. The plaintiff initially purchased from Byam…