Scottish Union & National Ins. v. Skaggs

Citations

• 114 Miss. 618
• 75 So. 437

Syllabus

<p>1. Insurance. Agreements to arbitrate. Effect of total loss.</p> <p>Where under a fire insurance policy of one thousand dollars coyering'furniture not described in particular items, but generally as “household goods, furniture,” etc., there was a loss amounting to four hundred and seventy-five dollars. In such ease there was not a total loss, though some of the furniture was totally destroyed, and an arbitration under a provision of the policy for arbitration was not void under the valued policy law, even though such an arbitration might be void in case of a total loss.</p> <p>2. Arbitration and Award. Talidity of arbitration.</p> <p>It is the policy of this state to permit parties to arbitrate their differences and to give effect to a valid submission and award in such cases. The matter of arbitration 'and award is covered by chapter 6, Code 1906, and the public policy of the state in regard thereto is embraced in section 114, providing that the act shall be liberally construed for the encouragement, of the settlement of disputes and the prevention of litigation.</p>