Murphy v. State Farm Fire & Casualty

Plaintiffs were owners of a multi-unit residential building which had been vacated; contract for demolition of building had been signed but demolition had not begun when fire caused extensive damage to building. Plaintiffs had insurable interest at time of fire in building; insurable interest is determined at moment of loss, not by speculating about future, uncertain events. Six months passage of time since signing of demolition contract supports Plaintiffs' testimony that they were uncertain as to whether to demolish building. (KARNEZIS and ROCHFORD, concurring.)