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OLLIE v. SECURITY MUTUAL UNDERWRITERS

Nos. 7213, 7214.

235 F.2d 932 (1956)

N. M. OLLIE, Appellant and Cross-Appellee, v. SECURITY MUTUAL UNDERWRITERS, Appellee and Cross-Appellant, N. M. OLLIE, Appellant and Cross-Appellee, v. The FULTON FIRE INSURANCE COMPANY, Appellee and Cross-Appellant,

United States Court of Appeals Fourth Circuit.

Decided August 3, 1956.

Attorney(s) appearing for the Case

Julian B. Salley, Jr., Aiken, S. C. (Henderson, Salley & Cushman, Aiken, on brief), for appellant.

Henry Busbee, Aiken, S. C. (Williams & Busbee, Aiken, S. C., on brief), for appellees.

Before PARKER, Chief Judge, and SOPER and PRETTYMAN, Circuit Judges.

PRETTYMAN, Circuit Judge.

Appellant Ollie owned a store building in New Ellenton, South Carolina. He had two fire insurance policies on it, one with Security Mutual Underwriters for $6,000 and the other with The Fulton Fire Insurance Company for $5,500. Each policy stated that the agreed value and total insurance on the building was $11,500. Some time after those policies were in effect, and unbeknownst to those companies, Ollie took out a third policy for $3,000...

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