Legal Opinion
Federal National Mortgage Ass'n v. Ohio Casualty Insurance
Michigan Court of Appeals
Decided April 25, 1973No. Docket 14284PublishedCited by 24 opinions
1Opinion of the CourtV. J. Brennan, P. J.
On December 13, 1968, defendant Ohio Casualty Ins. Co. (Ohio) issued a policy of fire insurance for a home located at 739 Lenox in the city of Detroit. The owners of the premises, Preston and Dorothy Traylor, were the named insureds under the policy. On March 19, 1969, Ohio issued an endorsement to that policy which consisted of a "standard mortgage clause” respecting the interest of plaintiffs (hereinafter referred to as FNMA) in the Traylors’ property. That clause provided as follows:
"Loss or damage, if any, under this policy, shall be payable to * * * [FNMA] * * * mortgagee [or trustee] as…
2Cited by24 opinions
- Singer v. American States InsuranceMichigan Court of Appeals · 2001
- Smith v. General Mortgage Corp.Michigan Supreme Court · 1978
- Burritt Mutual Savings Bank v. Transamerica InsuranceSupreme Court of Connecticut · 1980
- 495 CORP. v. NJ Ins. Underwriting Ass'n.Supreme Court of New Jersey · 1981
- Consolidated Mortgage Corp. v. American Security InsuranceMichigan Court of Appeals · 1976
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