Reed v. Firemen's Insurance

The opinion of the court was delivered by .

Voorhees, J.

This is a suit on a fire insurance policy issued by the Firemen’s Insurance Company, to Ignatz Fabrikant, insuring him against direct loss or damage by fire, on two frame buildings in Hoboken, H. J. The body of the policy contained the following: “Loss, if any, payable to David F. and James A. Reed, mortgagees, mortgagee clause attached.” The mortgagee clause, which was attached to the policy, as well as the policy itself, was the standard form. The suit is brought by the mortgagee.

The policy bears date October 9th, 1903, and on February…