Nebraska Revised Statute 44-375

Chapter 44 Section 375

44-375.

Insurance; applicable only to insured's interest.

When the name of the party intended to be insured is specified in a policy, such insurance can be applied only to his own proper interest.

Source

  • Laws 1913, c. 154, § 64, p. 423;
  • R.S.1913, § 3200;
  • Laws 1919, c. 190, tit. V, art. IV, § 34, p. 602;
  • C.S.1922, § 7799;
  • C.S.1929, § 44-334;
  • R.S.1943, § 44-375.

Annotations

  • A claimant under an insurance contract must show an interest in the contract that would be recognized and protected by the courts. Sayah v. Metropolitan Prop. & Cas. Ins. Co., 273 Neb. 744, 733 N.W.2d 192 (2007).

  • Neither family use of property nor the family relationship alone gives automatic rise to an insurable property interest. Sayah v. Metropolitan Prop. & Cas. Ins. Co., 273 Neb. 744, 733 N.W.2d 192 (2007).

  • To have an insurable interest, the claimant must have some legally enforceable right that would be recognized and enforced in the property at issue. Sayah v. Metropolitan Prop. & Cas. Ins. Co., 273 Neb. 744, 733 N.W.2d 192 (2007).

  • When no legally enforceable interest exists, no insurable interest exists. Sayah v. Metropolitan Prop. & Cas. Ins. Co., 273 Neb. 744, 733 N.W.2d 192 (2007).