Phoenix Insurance v. Shulman Co.
Supreme Court of Virginia
Error to a judgment of the Law and Chancery Court of city of Norfolk. Judgment for plaintiff. Defendant assigns error. This is a suit instituted by Shulman Company, Inc., in the court below against the Phoenix Insurance Company to recover the sum of $7,500.00 alleged amount of loss suffered by the assured by reason of the alleged destruction by fire of a certain property interest covered by a certain policy of insurance whereby the insurance company insured the interest of…
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Error to a judgment of the Law and Chancery Court of city of Norfolk. Judgment for plaintiff. Defendant assigns error. This is a suit instituted by Shulman Company, Inc., in the court below against the Phoenix Insurance Company to recover the sum of $7,500.00 alleged amount of loss suffered by the assured by reason of the alleged destruction by fire of a certain property interest covered by a certain policy of insurance whereby the insurance company insured the interest of the assured in such property against “total destruction” by fire. The policy of ‘insurance is described in the record as…
1Opinion of the Court
Sims, J.,
after making the foregoing statement, delivered the following opinion of the court.
The questions raised by the assignments of error will be passed upon in their order as stated below.
[1] 1. Did the assured have an insurable interest at the time of the fire in the improvements which were the subject of the insurance contract in suit?
This question must be answered in the affirmative.
It is claimed by the insurance company that under the provisions of the lease set forth in the above statement of
*288facts, the assured had no insurable interest in the improvements aforesaid, for the reason…
2Cases cited4 opinions
- Royal Insurance Co. v. McIntyreTexas Supreme Court · 1896
- Corbett v. . Spring Garden Ins. Co.New York Court of Appeals · 1898
- O'Keefe v. Liverpool, London & Globe InsuranceSupreme Court of Missouri · 1897
- Murphy v. American Central InsuranceCourt of Appeals of Texas · 1899
3Cited by15 opinions
- Ames v. American National BankSupreme Court of Virginia · 1934
- Plunkett v. PlunkettSupreme Court of Virginia · 2006
- Combs v. HuntCourt of Appeals of Virginia · 1924
- Kennard v. Travelers Protective Ass'n of AmericaSupreme Court of Virginia · 1931
- Seward v. American Hardware Co.Supreme Court of Virginia · 1933
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