Phenix Insurance v. Dorsey

Citations

• 102 Miss. 81
• 58 So. 778

Syllabus

<p>1. Insurance. Inventory. Place. Warranty.</p> <p>The requirement in a fire insurance policy that insured shall take a complete itemized inventory of stock on hand at least once a year, is not met where insured made out a bill of goods at his main store to be shipped to a branch store at another place and invoiced the goods to be charged to such branch store, there being no evidence that such, goods were ever received at such branch store where they were insured.</p> <p>2. Same.</p> <p>Property covered by a fire insurance policy is insured at the place named in the policy, and it is only such property as is located at that place,that is covered by such insurance.,</p> <p>3. Same.</p> <p>Where the parties to a contract of insurance agree to take an inventory, this inventory, taken according to the contract, is the only evidence competent to prove any loss for which the company is liable, even though the property described in the policy is destroyed by fire.</p>