Appeal, 75 | Pa. Super. Ct. | Apr 29, 1924
Argued April 29, 1924.
This judgment must be affirmed on the authority of Goldberg v. Knickerbocker Ins. Co.,
The policy of insurance in suit contained a clause warranting that the automobile, the subject of insurance, had been fully paid for by the assured and was not mortgaged or otherwise encumbered; and a condition that the policy should be null and void, "if the interest *428 of the assured in the property be other than unconditional and sole ownership."
At the time the policy was issued, July 26, 1920, the assured, the plaintiff, was not the sole and unconditional owner of the automobile. He held it under a bailment lease, executed twelve days before, which called for an initial installment and a series of monthly payments as rental. No fraud was practiced on the plaintiff. He could read and write, and if he did not read the terms of the bailment before he insured the automobile, he alone is to blame. That he had an insurable interest in the property is beside the question; he did not have the interest described and insured in the policy: Duda v. Home Ins. Co.,
The case is not altered by the fact that the plaintiff paid the last installment of rent reserved under the lease a few days before the automobile was stolen. The warranty in the policy related to the time the policy was obtained: Puro v. Franklin Fire Ins. Co.,
Under the facts in evidence the court below was obliged to enter judgment non obstante veredicto in favor of the defendant.
The assignment of error is overruled and the judgment is affirmed. *429