Ponder v. Gibson-Homans Co.

Hart, J.,

(after stating the facts). In Hartford Fire Ins. Co. v. Enoch, 79 Ark. 475, the court held that one who has purchased personal property subject to a lien for the purchase money has an insurable interest therein.

The general rule also is that a mortgagee of real property who gets insurance for himself, when the insurance is general upon the property, without limiting it in terms to his interest as mortgagee, but when, in point of fact, his only insurable interest is that of a mortgagee, in case of a loss by fire, before the payment of the debt and discharge of the Mortgage, has a right…