This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1914 edition. Excerpt: ... the insured to recover the value of the oil which happens to be in the tank at the time when the fire occurred which destroys it (Western & A. Pipe Lines v. Home Ins. Co., 145 Pa. 346, 22 Atl. 665, 27 Am. St. Rep. 703). Other cases in which the same view is taken of the effect to be given to policies of fire insurance, which, by the agreement of the parties, are drawn to cover property which, it is anticipated, the insured will acquire before the time limited therein has expired, are Wood v. Insurance Co., 31 Vt. 552; Hooper v. Insurance Co., 17 N. Y. 424; Hoffman v. Insurance Co., 32 N. Y. 405, 88 Am. Dec. 337; Wolfe v. Insurance Co., 39 N. Y. 49; Lee v. Insurance Co., 11 Cush. (Mass.) 324. Up to the present time the question has not received consideration at the hands of this court. An examination of the reasons upon which the earlier rule rests has led us to the conclusion that they are not well founded, and that a contract by which the parties provide for indemnity against loss by fire upon property to be subsequently acquired by the party indemnified is not in any sense a gaming contract, and void on that account; in other words, that an insurable interest, subsisting during the risk and at the time of the loss, is sufficient to; support a policy insuring against loss by fire. The judgment of the supreme court should be reversed.36 SECTION 4.--WHAT CONSTITUTES INSURABLE INTEREST--LIFE INSURANCE '1DWYER v. EDIE. (Court of King's Bench, 1788. Park, Ins. Gth Ed. 574.) An action was brought on a policy on the life of James Russell from the 1st of June, 1784, to the 1st of June, 1785. Russell was warranted in good health, and by a memorandum at the foot of the policy it was declared that it was intended to cover the sum of 5000....