Lowry v. Insurance Co. of North America

Citations

• 75 Miss. 43

Syllabus

<p>Insurance. Mortgagee. Suit on policy.</p> <p>Where the owner of property mortgages it, and then in his own name insures it against loss hy fire, the policy on its face being made payable to the mortgagee as his interest may appear, and the mortgage debt is larger than the whole insurance and exceeds the value of the property, the mortgagee may, after a loss, sue at law upon the policy in his own name.</p>