BOAG v. STANDARD MARINE INSURANCE COMPANY, LTD.

(1936) 54 Ll.L.Rep. 320

KING'S BENCH DIVISION.

Before Mr. Justice Branson.

Marine insurance - Subrogation - Cargo insured with defendants at full value at date of policy-Increased value policy subsequently taken out with plaintiffs without knowledge of defendants -Total loss of cargo-Both policies paid in full-Letters of subrogation given by cargo-owners to both insurers-Salved value of cargo less than amount paid by defendants under their policy-Right of plaintiffs to proportionate share of salvage- Marine Insurance Act, 1906, Sect. 79.