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National Sur. Corp. v. Seale

Supreme Court of Texas
Jan 30, 1974
506 S.W.2d 579 (Tex. 1974)

Opinion

No. B — 4279.

January 30, 1974.

Appeal from the 14th District Court, Dallas County, Fred. S. Harless, J.

Johnson, Guthrie Billings, William F. Billings, and Rick W. Hightower, Dallas, for petitioner.

Passman, Jones, Andrews, Coplin, Holley Co., Richard B. Turbiville, Dallas, for respondent.


ON MOTION FOR REHEARING


Respondent Seale brought suit against National Surety Corporation to recover on a "blanket crime policy" for the loss of a coin collection that was missing from his office after a burglary. National Surety Corporation denied coverage. In a trial before the court, the court held that the coin collection was covered by the policy and that the "value" of the coins exceeded the policy limits. Sale was given judgment in the amount of the $10,000 policy limit, less the $100.00 deductible.

The Court of Civil Appeals affirmed, holding that the coin collection was within the policy's coverage of "Money and Securities" which defined "money" as "currency, coins, bank notes and bullion." 499 S.W.2d 753. We agree with this holding.

However, we reserve the question whether the coins in the collection should be valued at their face value or at their numismatic value since this point was not brought before this Court in Petitioner's Application for Writ of Error.

The Motion for Rehearing is overruled.


Summaries of

National Sur. Corp. v. Seale

Supreme Court of Texas
Jan 30, 1974
506 S.W.2d 579 (Tex. 1974)
Case details for

National Sur. Corp. v. Seale

Case Details

Full title:NATIONAL SURETY CORPORATION, Petitioner, v. Henry L. SEALE, Respondent

Court:Supreme Court of Texas

Date published: Jan 30, 1974

Citations

506 S.W.2d 579 (Tex. 1974)