National Surety Corporation v. Seale

GUITTARD, Justice.

Henry Seale sued National Surety Corporation on a “blanket crime policy” for loss of a coin collection missing from a safe after a burglary. The policy insures against “Loss of Money and Securities.” The insurer argues that since the coins in the collection had been withdrawn from circulation and were valued as collectors’ items rather than at their face amounts, the collection should not be treated as “money,” but as other personal property, which was not insured under the policy because no marks of violence were found on the outside of the safe.

The trial court held that…