Assurance Co. of America v. Continental Sav. & Bldg. Ass'n

Continental Savings & Building Association, as mortgagee, sued on two policies of fire insurance issued by appellants to W. L. Johnson, owner, insuring a two-story frame residence located in Port Worth, Tex. The policy of Chicago Pire & Marine Insurance Company was issued September 14, 1925, in thé sum of $4,000, and that of Assurance Company of Am erica was issued September 28, 1925, in the sum of $2,000, and to each policy was attached a loss payable or mortgage clause in favor of plaintiff to protect a loan of $4,000 it holds against the property. Plaintiff alleged that the property was…