Milwaukee Mechanics' Insurance v. West Development Co.

Defendant in error, West Development Company, sued plaintiff in error, Milwaukee Mechanics’ Insurance Company, to recover $4,000.00 and interest on a fire insurance policy issued by plaintiff in error on a mercantile building in West, Texas, belonging to said defendant in error. A mortgagee was joined as a party defendant and no one questions her right to share in whatever recovery is had on the policy.

The policy contained a three-fourths value clause, to wit: j

“It is understood and agreed to be a condition of this insurance that in the event of loss or damage by fire to the property insured…