First National Bank of Independence v. Mid-Century Insurance Co.

ROBERT R. WELBORN, Special Judge.

Action by mortgagee to recover on policy of insurance against loss by theft issued to owner of mortgaged vehicle. Judgment appealed from was in favor of insurer.

Mid-Century Insurance Company issued its policy of insurance to Willis Corley for comprehensive coverage on a 1968 Chevelle automobile. Corley had given the First National Bank of Independence a mortgage on the vehicle to secure a loan and the bank was named as a mortgagee in the policy declarations, by which the interest of the mortgagee was “continuous until can-celled.” A renewal premium was due on…