Rsui Indemnity Company, Petitioner v. the Lynd Company, Respondent

Summary

The Texas Supreme Court held that the Scheduled Limit of Liability endorsement is ambiguous because it can support both the insurer’s and the insured’s constructions; under the rule that ambiguous insurance language is construed in favor of coverage, the Court affirmed the Court of Appeals’ judgment adopting Lynd’s construction and awarding the full loss amount. The Court’s decision was contested by a dissenting opinion.