G.M. Battery & Boat Co. v. L.K.N. Corp.

I respectfully dissent. The principal opinion abandons the most fundamental concept of fire and hazard insurance law which is that

[a]s a prerequisite to the enforcement of an insurance contract, public policy demands that the insured have an insurable interest in the property both at the time of making the contract and at the time of loss. Prewitt v. Continental Insurance Co., 538 S.W.2d 902, 905 (Mo.App.1976); Galati v. New Amsterdam Casualty Co., 381 S.W.2d 5, 9 (Mo.App.1964); Estes v. Great American Insurance Co.,d 112 S.W.2d 153, 156 (Mo.App.1938). The requirement of insurable interest is…