Mount Vernon Fire Insurance v. Highway Trailer Co.

Parentheticals

• "ordinarily the rights of a loss payee are derivative and cannot exceed those of the insured.... But it is also true that a loss payee acquires independent "equitable rights, which the insurer is bound to regard” ”

  In re Amiel Restaurant Partners, LLC

• "ordinarily the rights of a loss payee are derivative and cannot exceed those of the insured.... But it is also true that a loss payee acquires independent ‘equitable rights, which the insurer is bound to regard’ ”

  In re Nassau Tower Realty, LLC