Bess Holding Corp. v. Importers & Exporters Insurance

Lawrence, C. G. J.

This suit was submitted to the court at the Monmouth Circuit, without a jury, for determination on the law and the facts. On May 31st, 1927, one Walter Tarasovis mortgaged certain premises on the easterly side of Bowyer avenue, in the city of Long Branch, for $4,500. On June 17th, 1927, the defendant company insured the dwelling house thereon against loss by fire in the amount of $5,000, payable to Tarasovis as owner and The City Mortgage Company as mortgagee, as its interest might appear, under a standard New Jersey mortgagee clause, as follows:

“Loss or damage, if any,…