Legal Opinion
Palmer v. Niagara Fire Insurance
Supreme Court of New Jersey
Decided November 15, 1916PublishedCited by 2 opinions
On appeal from the court of chancery.
1Opinion of the Court
The opinion of the court was delivered by
Minturn, J.
The complainant was owner of real estate in Elizabeth. On March 11th, 1911, she executed a bond and mortgage thereon to John A. McFadden, as guardian, to secure payment of $3,500. She procured insurance on the property from three companies, aggregating $14,500, among which was a policy from the Niagara Fire Insurance Company for $3,500. This was the only policy containing the usual standard mortgagee clause, with a right of subrogation upon payment of the amount due to the mortgagee. The latter foreclosed his mortgage, and on December 18th,…
2Cases cited3 opinions
- Hastings v. . Westchester Fire Ins. Co.New York Court of Appeals · 1878
- Eddy v. London Assurance Corp.New York Court of Appeals · 1894
- Franklin Savings Institution v. Central Mutual Fire InsuranceMassachusetts Supreme Judicial Court · 1876
3Cited by2 opinions
- Bd. of Ed., Woodbridge Tp. v. Kane Acoustical Co.New Jersey Superior Court Appellate Division · 1958
- Ferragina v. Insurance Co. of North AmericaNew Jersey Court of Chancery · 1932