Better Valu Homes, Inc. v. Preferred Mutual Insurance

On May 3, 1974, the circuit judge granted defendant’s motion for accelerated judgment, GCR 1963, 116.1. The judge allowed a rehearing on the matter but refused to change his original decision. Plaintiff appeals.

Plaintiff, Better Valu Homes, Inc., purchased a fire insurance policy from defendant. The policy applied to a building plaintiff owned in Sterling Township, Michigan. While the policy described plaintiff as its named insured, it also contained a standard mortgage-loss-payable clause 1 that named plaintiff’s mortgagee, Detroit & Northern Savings & Loan Association (hereinafter referred…