Beaver Falls B. & L. Ass'n v. Allemania Fire Ins.

Opinion by

Mr. Justice Schaffer,

This action was brought by plaintiff on a policy of fire insurance. It is the holder of a mortgage for $3,600 on the premises covered by the policy, which is for $2,000. The property was destroyed by fire and the owner and the company under the terms of the policy entered into an appraisal agreement, of which the mortgagee did not have notice. To the resulting appraisement it was not a party. The appraisers fixed the loss at $1,200. Plaintiff refused this sum, brought this suit and, upon a showing that the cash value of the property at the time of the fire was…