Pittsburgh Storage Co. v. Scottish Union & National Insurance

Citations

• 168 Pa. 522
• 32 A. 58
• 1895 Pa. LEXIS 834

Syllabus

<p>Insurance — Insurable interest — Bailee's lien — Storage warehouse.</p> <p>Merchandise held by a storage company subject to storage liens is “ merchandise held in trust,” within the meaning of a policy of fire insurance which describes the property insured as “ on merchandise, hazardous, not hazardous or extra hazardous, their own, or held by them in trust, or in which they have an interest or liability and have agreed to insure under this policy and not removed, stored or hereafter stored during the continuance of this policy.”</p> <p>The fact that a storage company holds property on storage upon a stipulation that it will not be responsible for loss or damage by fire, does not prevent it from insuring the property to the extent of its lieu for storage.</p> <p>Unless a statement of interest is required either in the application or in the policy, the insured need mate none, and unless it is otherwise provided it is sufficient that ho has an insurable interest.</p>