Hoyt v. New Hampshire Fire Insurance

While it is essential to the existence of a fire insurance policy that the party insured should have some interest in the subject-matter of the insurance (Prince v. Insurance Co., 86 N. H. 160, and cases cited), it is not necessary that the extent of the insured’s interest be set forth in the policy (Clark v. Insurance Co., 87 N. H. 353). Thus, “One who holds an undivided interest need not specifically describe his share . . . but may effect insurance thereon in general terms. If it appears that the description was intended to cover and apply exclusively to the individual interest of the…