New Jersey Insurance v. Rowell

The Court of Appeals propounds the following question: “Where a policy of fire insurance, taken out by the tenant and lessee of a building, insures the building for a certain sum, and a stock of goods in the building for another certain sum, the consideration of the policy being a premium payable in a gross sum, and where the policy of insurance contains a clause making any loss or damage to the building payable to a named third person (the owner of the building), “as his interest may appear,” and where both the building and the stock of goods were subsequently damaged by fire, and the…