West Virginia § 33-6-3 Insurable interest in property

West Virginia Statutes

§ 33-6-3 — Insurable interest in property

West Virginia § 33-6-3

Ch. 33Â INSURANCE

Art. 6THE INSURANCE POLICY

This text of West Virginia § 33-6-3 (Insurable interest in property) is published on Counsel Stack Legal Research, covering West Virginia primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

W. Va. Code § 33-6-3 (2026).

Text

(a)No insurance contract on property or of any interest therein or arising therefrom shall be enforceable as to the insurance except for the benefit of persons having an insurable interest in the things insured.

(b)"Insurable interest" as used in this section means any actual, lawful, and substantial economic interest in the safety or preservation of the subject of the insurance free from loss, destruction, or pecuniary damage or impairment.

(c)The measure of an insurable interest in property is the extent to which the insured might be damnified by loss, injury, or impairment thereof.

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(a) No insurance contract on property or of any interest therein or arising therefrom shall be enforceable as to the insurance except for the benefit of persons having an insurable interest in the things insured.

(b) "Insurable interest" as used in this section means any actual, lawful, and substantial economic interest in the safety or preservation of the subject of the insurance free from loss, destruction, or pecuniary damage or impairment.

(c) The measure of an insurable interest in property is the extent to which the insured might be damnified by loss, injury, or impairment thereof.