Schneideman v Barnett - [1951] NZLR 301

Insurance — Fire — Assignment — Covenant to insure in Mortgagee's Name — Fire destroying Subject-matter of Mortgage before Policy assigned to Mortgagee — Subsequent Letter by Insured to Insurer assigning Fire Policy to Mortgagee — Letter constituting Valid Legal Assignment of Rights then possessed by Insured — Assignment also Good in Equity — Proceeds of Policy passing to Mortgagee — Property Law Act, 1908, s 46.