Gobind Enterprises v. Certain Underwriters at Lloyd's London CA5
-ooOoo- A trucking company purchased a used semitruck at auction for approximately $23,000. It then obtained a $40,000 insurance policy with comprehensive coverage. The truck’s engine was subsequently damaged, allegedly by an act of vandalism, and the company’s insurance broker submitted a claim to the insurer on its behalf. The insurer investigated and concluded that the engine needed to be replaced. The cost of replacement with a used
Comments on Gobind Enterprises v. Certain Underwriters at Lloyd's London CA5