Bankers Joint Stock Land Bank v. St. Paul Fire & Marine Insurance

On August 6, 1919, defendant issued to one Flansburg its standard Minnesota policy of fire insurance covering, among other things, a certain granary, for the term of 3 years. There was a rider attached, making loss thereunder payable to plaintiff herein, as its interest might appear, it being a mortgagee in a mortgage for $3,600, which remains unpaid. By this policy, the defendant insured Flansburg against loss by fire to the granary in the sum of $400, and the insurable value of the granary was fixed at $600.

On November 28, 1921, the insured procured another Minnesota standard form policy…