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 its language supports both an item‑by‑item and an aggregate construction; under Texas law ambiguous insurance language is construed in favor of coverage, so the court affirmed the appellate court’s judgment granting Lynd the full amount of loss. The Court also noted a dissent that argued the endorsement should be applied on an item‑by‑item basis.