Doerr v. National Fire Insurance

The plaintiff sued on a policy for $1400, insuring his automobile against loss by theft. The insurance was granted under and pursuant to an open policy held by the Consolidated Bond Security Company, which took plaintiff's note secured by a chattel mortgage upon the automobile. The insurance was payable to the security company and to plaintiff as their interests might appear. Plaintiff had judgment for $723.83, the difference between the total sum of the insurance and the amount of the unpaid indebtedness secured by the chattel mortgage upon the automobile, the defendant having purchased the…