Brecher Furniture Co. v. Firemen's Insurance

Plaintiff occupied as tenant the premises covered by the insurance involved in the action under a contract of lease extending for *447the period of 5 years from January, 1920, at a rental of $800 per month. A very profitable business was established, realizing large net profits to plaintiff. In July, 1920, plaintiff procured from defendants “use and occupancy” insurance in the total sum of $30,-000; each defendant issuing a policy for one-third of that amount. The policies were in conformity with the standard form provided by statute, and the premium therefor was paid. The lease under which…