Colby v. Parkersburg Insurance
West Virginia Supreme Court
I. — A general creditor has no insurable interest in his debtor’s property. — 1 'Wood. Ins. § 300; 5 Hun 343; 49 Conn. 167 ; 11 Am. & Eng. Ency. L. 317. II. — An Insurance Company can not insure the payment of a debt. — 9 Allen 123; 5 Hun 321; 16 Ilun 116; 55 N. Y. 343. III. — Insured must have an insurable interest in the property.— 1 Wood Ins. §§ 265, 266; 94 U. S. 460, 457 ; 62 N. Y. 54; 98 U. S. 538 ; 93 H. S. 543 ; 11 Am. & Eng. Ency. L. 312, notes 4, 5, 6; 20 Am.
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I. — A general creditor has no insurable interest in his debtor’s property. — 1 'Wood. Ins. § 300; 5 Hun 343; 49 Conn. 167 ; 11 Am. & Eng. Ency. L. 317. II. — An Insurance Company can not insure the payment of a debt. — 9 Allen 123; 5 Hun 321; 16 Ilun 116; 55 N. Y. 343. III. — Insured must have an insurable interest in the property.— 1 Wood Ins. §§ 265, 266; 94 U. S. 460, 457 ; 62 N. Y. 54; 98 U. S. 538 ; 93 H. S. 543 ; 11 Am. & Eng. Ency. L. 312, notes 4, 5, 6; 20 Am. Dee. 515, 516. IV. — A mortgagee insuring independently of the morigageor can recover only to the extent of his interest, of…
1Opinion of the Court
Brannon, Judge:
In an action by Colby against the Parkersburg Insurance Company Colby recovered judgment, and the company sued out this writ of error. The policy of insurance on which the action was brought insured in the sum of one thousand dollars Law, Hatch & Co. against loss by fire— three hundred and thirty three dollars and thirty three cents upon an engine, boiler, machinery, and tools in a building occupied for the manufacture of furniture; and six hundred and sixty six dollars and sixty six cents on stock manufactured, materials and supplies, raw, wrought and in process in said…
2Cases cited7 opinions
- Pitney v. . Glen's Falls Insurance Co.New York Court of Appeals · 1875
- Miller v. Insurance Co.West Virginia Supreme Court · 1877
- Sheppard v. Peabody Ins.West Virginia Supreme Court · 1883
- Fire Insurance Companies v. FelrathSupreme Court of Alabama · 1884
- Hartford Fire Ins. v. DavenportMichigan Supreme Court · 1877
2 more not listed; retrieve them via the Exa API.
3Cited by18 opinions
- Bentley v. Standard Fire InsuranceWest Virginia Supreme Court · 1895
- Bond v. National Fire InsuranceWest Virginia Supreme Court · 1916
- B. L. Asso. v. Fire Ins. Co.West Virginia Supreme Court · 1928
- Occidental Fire Ins. v. Fort Worth Grain & Elevator Co.Court of Appeals of Texas · 1927
- Hartford Fire Insurance v. BleedornMissouri Court of Appeals · 1939
13 more not listed; retrieve them via the Exa API.