Illinois Mutual Insurance v. Hoffman

Citations

• 132 Ill. 522
• 24 N.E. 413

Syllabus

<p>Insurance—proportion of loss to bepaid—a policy construed. A policy of fire insurance of $3000 was given on the building, machinery, etc., of certain cotton-mill works. There were twenty-one items, each of which was valued, making in all a value of $90,000. There was other insurance upon the property. The second provision of the policy was to the effect that it covered one-thirtieth part of each of the sums above named, and the third provision was that the company should not be liable for a greater proportion of any loss than the sum by the policy insured should bear to the whole sum insured therein, without reference to the validity of the other insurance or the solvency of the other companies. At the time of the loss the total insurance was $60,000, and the total loss was $51,000: Held, that the company’s liability was not limited to one-thirtieth of the whole loss, or $1700, but was liable for $2550.</p>