Goucher v. Providence Washington Insurance

Citations

• 3 Pa. Super. 230

Syllabus

<p>Marine insurance — Measure of damages — Running down clause — Liability of underwriter thereunder.</p> <p>The perils insured against in a policy of marine insurance, as ordinarily executed, do not include damages to another vessel by collision between such vessel and the vessel injured. This risk, when assumed, will be found in the “ Running Down Clause.”</p> <p>In determining the liability of the underwriter under such clause, the value placed upon the vessel insured in thp body of the policy does not enter into the controversy excepting in so far as it is a factor in making the calculation. If by the words of the clause the undertaking of the underwriter is dependent upon the amount which the insured became liable to pay and shall pay, the sum paid will be the amount of damages which have been satisfied to the damaged party: Thomson v. Hopper, 7 E. &B. 172, followed.</p>