Posted in on September 29, 2016
The New York Eastern District of New York recently reiterated that where a father paid the homeowner’s insurance on a home owned by his son, that the Homeowner’s insurance company had no obligation to pay the claim, since the son was not an additional insured on the insurance policy and the father did not have an insurable interest. While the court held that legal or equitable interest is not necessary to support an insurable interest, the mere possession or license to use the property is insufficient to support an insurable interest. See Mikaelian v. Liberty Mutual Insurance Company (EDNY Sept 8, 2016).
By Rosa M. Feeney
During this emerging crisis, Lewis Johs Avallone Aviles, LLP remains open and in full operation. Our secure technology and capabilities provide our attorneys and staff the ability to support and serve our clients remotely without disruption. For your convenience, direct contact numbers and e-mail addresses are listed with the individual attorney's bio page.
Wishing you and your family good health and safety during this crisis and beyond.