New Kensington Lumber Co. v. German Insurance

Citations

• 35 Pa. Super. 32
• 1907 Pa. Super. LEXIS 200

Syllabus

<p>Insurance — Fire insurance — Sole ownership — Contractor’s interest.</p> <p>Where a policy of fire insurance is issued in the name of the person who is the owner of the insured premises, but the policy is made payable to certain contractors “as their interest may appear,” and on the very day the policy is issued the owner becomes a bankrupt, the policy is avoided both as to the owner and the contractors under the “sole ownership ” clause, although it appears that the insurance was paid for by the contractors, that the insurance company knew this, and that neither the insurance company nor the contractors had any knowledge of the impending bankruptcy of the owner.</p>