Travelers Indemnity Co. v. Columbus State Bank

COLEMAN, Justice.

This is a suit by a mortgagee of an automobile against an insurance company founded on the “loss payable” clause of an insurance policy. The principal question involved on appeal is the validity of a “rider”, signed by both the insured and insurer, but not physically attached to the policy. The trial was to the court without a jury, and a judgment was entered in favor of appel-lee, the mortgagee. Findings of fact and conclusions of law were filed.

Harvey Albers sold an automobile to L. V. Palmer. He went with Palmer to the bank to see whether the bank would finance the…