Ross v. Automobile Insurance

Plaintiff’s petition demanded judgment in the sum of $500 on a policy of fire insurance. The policy contained the statutory provisions prescribed by section 9018 of the Code, 1939, among which is subparagraph IY-d, to the effect that, unless otherwise provided by agreement, the policy shall be void “if the interest of the insured be other than unconditional and sole ownership.” The answer was in three divisions. Division I asserted that plaintiff held legal title as security for a loan of $68.46 and had no insurable interest beyond the amount of said loan and taxes advanced. Division II…