Booker T. Theatre Co. v. Great American Insurance

This case involves the right of intervenors, as lien holders, to recover on a policy of fire insurance issued by defendant on January 11, 1957. Said policy in terms undertook to indemnify the plaintiff Booker T. Theatre Company against loss or damage by fire to its property to the extent of $235,000, with an additional coverage of $12,000 on contents. Intervenor plaintiffs Fishman and Sklar were included in the policy as loss payees under a standard mortgage clause dated December 6, 1957.

The facts in the case have been stipulated. Intervenor plaintiffs loaned money to the owners of the…