TUNKS, Chief Justice.
On June 28, 1967, Mr. Ed Tillerson and his wife, as owners, entered into a contract with Mr. Andrew Highrabedian, as builder, for the construction of a residence in Katy, Texas. On February 10, 1968, when the house was almost completed it burned. At the time the house burned there was in effect a builder's risk insurance policy covering it and issued by Commercial Union Insurance Company of New York. In that policy Tillerson was the named insured...
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