Summary
In Davis v. Phoenix Ins. Co., 111 Cal. 409 [43 P. 1115], it was held that it is not necessary that the insured person have a legal interest in the property insured; but an equitable interest is sufficient, and it is not required that there be a valid equitable title, provided the insured has possession and use, and has a direct pecuniary interest in the preservation of the property, and will suffer a pecuniary loss as an immediate and proximate result of its destruction.
Summary of this case from Martin v. State Farm Mutual Auto. Ins. Co.Opinion
No. 46610.
April 3, 1972. Rehearing Denied May 8, 1972.
Appeal from Circuit Court, Harrison County; Harry G. Walker, J..
Sekul, Hornsby, Wallace Blessey, Biloxi, for appellants.
Bryant Stennis, Gulfport, Watkins Eager, Joe W. Hobbs, Jackson, for appellee.
Affirmed.