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FIRST FED. S. & L. ASS'N v. HARTFORD FIRE INS.

100 N.J. Super. 252 (1968)

241 A.2d 653

FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF HAMMONTON, PLAINTIFF-RESPONDENT, v. HARTFORD FIRE INSURANCE COMPANY, UNITED STATES FIDELITY AND GUARANTY CO., INSURANCE COMPANY OF NORTH AMERICA AND NORTH RIVER INSURANCE CO., DEFENDANTS-APPELLANTS.

Superior Court of New Jersey, Appellate Division.

Decided April 3, 1968.

Attorney(s) appearing for the Case

Mr. Neil F. Deighan, Jr. argued the cause for defendants-appellants (Messrs. Kisselman, Devine, Deighan & Montano, attorneys).

Mr. Charles A. McGeary argued the cause for plaintiff-respondent (Messrs. Bleakly, Stockwell & Zink, attorneys).

Before Judges GAULKIN, LEWIS and KOLOVSKY.

PER CURIAM.

Each of the four defendant insurance companies issued a $5,000 policy insuring the owner of certain premises against loss by fire, with a standard mortgagee clause making the loss payable to plaintiff as its interest might appear. While the mortgage was under foreclosure, a fire caused more than $20,000 damage. Defendants denied liability as to the owner but, since there was $31,000 due on the mortgage, defendants admitted their liability to plaintiff...

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