Farmers & Ginners Cotton Oil Co. v. Reliance Insurance

BRADLEY, Judge.

On November 15, 1971 the W. C. Griffith Gin, Hanceville, Alabama, was totally destroyed by fire. Defendants are insurance companies which had in force on that date policies covering the gin equipment and the building. The mortgage clause of those policies provided that plaintiff, as the gin’s mortgagee, was entitled to the proceeds from the insurance to the extent of its mortgage interest.

Plaintiff filed suit to recover on these policies on February 15, 1973. A jury trial was held, and at the conclusion of the evidence plaintiff moved for directed verdict against each…