Houck v. American Eagle Fire Insurance

Tbe contention of tbe defendant tbat tbe evidence offered by tbe plaintiffs fails to sbow tbat plaintiffs, or either of them, bad an insurable interest in tbe bouse covered by tbe policy, cannot be sustained. Tbe evidence shows tbat plaintiffs owned an estate for tbe life of N. F. Houck in tbe land on which tbe bouse was located, and tbat they owned such estate as tenants in common. Tbe ownership by tbe plaintiffs of this estate gave them an insurable interest in tbe bouse. It has been held by this Court tbat a person owning only an equitable interest in property has an interest therein which…