Iowa Electric Co. v. Home Insurance

We disregard the fact that two mortgagees joined as plaintiffs with the owner.

The trial court held as a matter of law that the policy did not cover the hydrogenerator which had been damaged by fire, set aside the jury’s verdict for plaintiff and entered judgment for defendant as though it had sustained defendant’s motion for a directed verdict. (See Rule 243(b), Rules of Civil Procedure.) Defendant’s motion for new trial was overruled. We are required to consider the evidence in the light most favorable ■ to plaintiff.

The policy, dated October 1, 1938, is an Iowa standard fire policy with…