Landlord Is Burned, Bears Risk of Loss After Duck and Deer Hunting Lodge Burns Down

Insurance is a contract of personal indemnity and does not follow the title in the land. When parties enter into lease agreements of real or personal property both the lessor and lessee have an insurable interest in the property. Either one or both can individually insure his interest. Prudent lessors...

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House Fire Total Destruction

Owner May Sue Negligent Tenant for Uninsured Loss: Suit Against Tenant Not Subrogation

Almost every commercial lease of multi-unit structures contain waivers of subrogation or an agreement that the building owner’s fire insurance is purchased for the benefit of both the owner and the tenants. Since it is improper for an insurer to sue its own insured courts across the country have...