Allied Concord Financial Corp. v. Sterling Insurance

Brailsford, Justice.

This is an action on a fire insurance policy issued on May 31, 1963, by the defendant, Sterling Insurance Company, covering the dwelling of Curtis and Elma Moore. The premium was paid for the full three-year term of the coverage. Loss was payable to the plaintiff, Allied Concord Financial Corporation, as mortgagee. The insured dwelling was destroyed by fire on November 25, 1965, but the insurance company denied liability, and this action on the policy was brought by the mortgagee. The trial of the case resulted in a verdict for plaintiff by direction of the court, and the…