interest, whereas others deny the same. In view of the many distinct interests that may arise, the following list of insurable interests recognized by law has been compiled from the almost unlimited number that may be found in the many court cases and legal treatises. Agents... Bailee or depository Commission In property held in 27 N. Y., 163. Young vs. Union Ins. In property seized in White vs. Madison, 26 execution. In property held for N. Y., 117; Cramer vs. Oppenstein, 16 Colo., 495. Phoenix Ins. Co. vs. Hamilton, 14 Wall. (U. S.), 504. In goods deposited Commonwealth with. vs. Hide and Leather Ins. Co., 112 Mass., 136; White vs. Madison, 26 N. Y., 117; Calif. Ins. Co. vs. Union Compress Co., 133 U. S., 387. merchants.... In goods in their pos- Home Ins. Co. vs. 9. Infants, .... wife. T. R., 261; Cone vs. Niagara Fire Ins. Co., 60 N. Y., 619. Herkimer vs. Rice, 27 N. Y., 163. Cohn vs. Va. F. & M. Ins. Co., 3 Hughes (U. S.), 272; Trade Ins. Co. vs. Barracliff, 45 N. J. L., 543, contrary; Agric. Ins. Co. vs. Montague, 38 Mich., 548; Clarke vs. Firemen's Ins. Co., 18 La., 431. In property of the Russell vs. Union Ins. guaranteed. Co., 1 Wash. (U. S.), 409; Firemen's Ins. Co. vs. Powel, 13 B. Mon. (Ky.), 311. or In the infant's prop- New Hamp. Mutual guardians in erty. their behalf. 10. Insurers.. 11. Landlord .. Fire Ins. Co. vs. In property rein- Hastie vs. De Peyssured. In the goods of his ter, 3 Cai (N. Y.), 190. Columbia Ins. Co. vs. Cooper, 50 Pa. St., 331. As owner, in prop- Hidden vs. Ins. Co., erty leased. In their personal property, separate estate, or property held conjointly with husband. To extent of mortgage debt on property. To full value of property mortgaged. In property occupied, if insurance is for benefit of owner. In the expectancy. 18. Owner of land. In buildings in pro 19. One who has expended money upon another's property with owner's consent. 20. Partner cess of construction upon the land. In property upon which the money is expended. In the entire property of the firm, in his interest separately; or for the firm in the firm's name. 2 Cliff (U. S.), 266 Queen Ins. Co. vs. Young, 86 Ala., 424. EXAMPLES OF INSURABLE INTEREST Continued Parties Possessing Insurable Interest. Nature of the Insurable Interest. Citation of Authority. 21. Partnerships ... In the firm's property. Georgia Home Ins. Co. vs. Hall, 94 Turner vs. Burrows, 5 Amsinck vs. American Ins. Co., 129 Mass., 185. Cushing vs. Thompson, 34 Me., 496; Etna Ins. Co. vs. Miers, 5 Sneed (Tenn.), 139. Eastern R. Co. vs. Relief Fire Ins. Co., 98 Mass., 420. Addis vs. Addis, 14 N. Y., Supp., 657; Brough vs. Higgins, 2 Gratt. (Va.), 408. As trustee for the People vs. Liverpool people. 30. Stockholders... In property of a cor 31. Tenants: poration. Ins. Co., 2 Thomp. (N. Y.), 268. Seaman vs. Enterprise F. & M. Ins. Co., 18 Fed. Rep., 250; 5 McCrealy (U. S.), 528. For life ...... To full value of prop- Berry vs. Am. Cent. erty. Ins. Co., 30 N. Y. St. Rep., 53; 132 N. Y., 49. |