SCHEETZ v. IMT INS. CO. (MUT.)

67130.

324 N.W.2d 302 (1982)

Raphael M. SCHEETZ, Selma M. Scheetz, Leo A. Lala, Jr., and Donna D. Lala, Appellants, v. IMT INSURANCE COMPANY (MUTUAL), Appellee.

Supreme Court of Iowa.

Rehearing Denied October 21, 1982.


Attorney(s) appearing for the Case

Kevin P. Shea and Jane Spande, Cedar Rapids, for appellants.

James F. Pickens of Pickens, Barnes & Abernathy, Cedar Rapids, for appellee.

Considered en banc.


REYNOLDSON, Chief Justice.

In this case of first impression, we determine the applicable limitation period for a fire loss claim after the insurer has waived the one-year suit limitation provision of its standard fire policy.

The record before us reflects that defendant IMT Insurance Company had insured the Cedar Rapids house involved in this controversy since 1966. It was damaged or destroyed by fire December 18, 1974. An $8000 homeowner's insurance policy...

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