Globe-Rutgers Co. v. Sherwin-Williams Co.

Citations

• 29 Ohio C.C. Dec. 573
• 23 Ohio C.C. (n.s.) 390

Syllabus

<p>1. Policy to be Construed Liberally in Favor of Insured.</p> <p>Where two interpretations, each equally fair, may be given to the language used in an insurance policy, that which will give the greater indemnity to the insured must prevail.</p> <p>2. Parol Evidence Admissible to Show Nature of Property and Situation and Relation of Parties.</p> <p>Where the meaning of an insurance contract is doubtful, or capable of two meanings, parol evidence is admissible in the construction of the contract to show the nature and qualities of the subject-matter, the situation and relation of the parties, and all the surrounding circumstances, to aid the court in applying the language of the contract to the subject-matter.</p> <p>3. Exception in Floating Policy not Applicable Storage of Raw Materials.</p> <p>Where a fire insurance policy of the floating type covered all merchandise of the assured “situated anywhere in the United States except while on premises occupied by the assured for manufacturing purposes;’’ Held: That the exception applied only to places where the actual work of manufacture was carried on and did not include raw materials stored in a building adjacent to, but separate from a manufacturing plant of the assured.</p>