Canton Realty Co. v. Home Insurance

The defendants in this Superior Court civil action are six different insurance companies, each of which had issued a fire insurance policy that contained the standard mortgagee clause which is mandated by G.L. 1956 (1968 Reenactment) §§27-5-2 and 27-5-3. The jury returned a verdict in favor of all the insurers. The trial justice, having reserved decision on the defendants’ motion for a directed verdict, then granted the motion in favor of two of the insurers on the ground that their policies did not include the plaintiff as a loss payee. The plaintiff’s appeal is limited to one issue, i.e.,…