On December 4, 1986, defendant insurance company received an application from plaintiff corporation for motor vehicle insurance coverage of two 1986 Toyota pickup trucks used in plaintiff's carpentry business. On December 16, 1986, one of the trucks, designated in the policy of insurance as vehicle No. 1, was stolen. Plaintiff filed a claim for payment on its loss, and defendant responded that the subject vehicle was covered only for liability, physical damage coverage not...
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