California Reclamation Co. v. New Zealand Insurance

This is an action brought to recover upon an insurance policy issued by the defendant to the plaintiff, which by its terms insures “three thousand- dollars on account of California Reclamation Co., in case of loss to be paid to assured or their order, at and from San Francisco to San Pedro, upon his or their interest as owners in the body, machinery, tackle, apparel, and other furniture of the good dredge called the ‘San Francisco’ in tow tug ‘Sea Rover,’ valued at seventy-five thousand dollars.”

The facts out of which the action arose are briefly these: The California Reclamation Co., a corporation, having its principal place of business at San Francisco, in the early part of January, 1906, purposed sending a dredge named “San Francisco” to San Pedro, in tow of the tug “Sea Rover”; and, wishing to insure the dredge for the sea voyage, communicated with the firm of insurance brokers, Strong, Belden & Farr, with whom they usually did business, with respect to placing the insurance. The brokers were given the name of the dredge and its dimensions and destination, and were also informed that it was the intention to tow one or two barges astern of the dredge, the dimensions of which…