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WHITE ROSE FOOD CORP. v. NEW YORK PROP. INS. UNDERWRITING ASS'N

98 A.D.2d 614 (1983)

White Rose Food Corp., Appellant, v. New York Property Insurance Underwriting Association et al., Respondents

Appellate Division of the Supreme Court of the State of New York, First Department.

December 6, 1983

Settle order.

On February 24, 1980 a fire occurred at the premises of Lilpan Food Corp., a food supermarket. Defendants had issued fire insurance policies to Lilpan, the total coverage aggregating $375,000. Each policy contained a lender loss payable clause, or standard mortgagee clause, naming plaintiff White Rose as loss payee, in providing that losses should be payable in the first instance to White Rose "as lender, mortgagee, or trustee, as interest may appear...

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