Insurance: Property Damage – Insurable Interest – RV Title

Where appellants, who sought insurance proceeds for an RV damaged in an accident, sued the insurer for breach of contract and vexatious refusal to pay, the evidence showed that the appellants paid $149,500 cash for the RV’s purchase, that they spent additional funds maintaining, repairing and storing the vehicle, and that they possessed and used the RV, so the appellants’ lack of a title did not  preclude a finding that they had an insurable interest in the RV, and the trial court’s grant of a directed verdict to the insurer is reversed and remanded.

Judgment is reversed and remanded.

American Family Mutual Insurance Co. v. Coke (MLW No. 63298/Case No. ED96759 – 7 pages) (Missouri Court of Appeals, Eastern District, Sullivan, J.) Appealed from circuit court, St. Louis County, Whittington, J. (Michael J. Fagras for appellant) (Robert J. Wulff for respondent).

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