Laurel National Bank v. Mutual Benefit Insurance

The instant appeal comes to us as a result of an order of the lower court awarding appellant, Laurel National Bank (“Laurel Bank”), insurance coverage as mortgagee under one mortgage but denying it coverage on the same property and under the same policy under its second mortgage. Laurel Bank contends that both mortgages should be covered by the insurance policy and that the amount due under the policy should not be limited to its preforeclosure debt.

Laurel Bank filed a complaint in assumpsit against Mutual Benefit Insurance, which case came on for trial before the Honorable Eugene A. Creany…