Ky. Rev. Stat. » Chapter 304
Kentucky Revised Statutes

Ky. Rev. Stat. § 304.14-060 (2026)

Insurable interest, property

✓ current as of May 2026
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(1) No contract of insurance of property or of any interest in property or arising from property shall be enforceable as to the insurance except for the benefit of persons having an insurable interest in the things insured as at the time of the loss.

(2) "Insurable interest" as used in this section means any actual, lawful, and substantial economic interest in the safety or preservation of the subject of the insurance free from loss, destruction, or pecuniary damage or impairment.

(3) When the name of a person intended to be insured is specified in the policy, such insurance can be applied only to his own proper interest. This section shall not apply to life, health or title insurance. Effective: June 18, 1970 History: Created 1970 Ky. Acts ch. 301, subtit. 14, sec. 6, effective June 18, 1970.

Notes of Decisions
Cited in 9 cases (2 in the last 5 years), 1974–2025 · leading case: Sparks v. Trustguard Ins. Co., 389 S.W.3d 121 (Ky. Ct. App. 2012).
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Sparks v. Trustguard Ins. Co., 389 S.W.3d 121 (Ky. Ct. App. 2012). “” When applied to the facts of this case, she asserts that this rule yields the following results: 1) Because KRS 304.14-060 requires that only individuals with an “insurable interest” in property covered under an insurance policy may benefit from the insurance policy and…”
Estes v. Thurman, 192 S.W.3d 429 (Ky. Ct. App. 2005). · cites it 2× “” KRS 304.14-060(2). Thurman had an insurable interest in the property in connection with the debt owed to her by the Esteses under the contract.”
Davis v. Am. States Ins. Co., 562 S.W.2d 653 (Ky. Ct. App. 1977). “KRS 304.14-060(2) defined insurable interest in property as: .”
B a Props., Inc. v. Aetna Cas. & Sur. Co., 273 F. Supp. 2d 673 (D.V.I. 2003). “§ 33-24-4; Idaho Code § 41-1806 ; Ky.Rev.Stat. Ann. § 304.14-060; Me.Rev.Stat.”
Castle Ins. v. Vanover, 993 S.W.2d 509 (Ky. Ct. App. 1999). “Castle argues that Northwestern no longer dictates this case and has been overruled by the enactment of KRS 304.14-060(3) which provides in part that: When the name of a person intended to be insured is specified in the policy, such insurance can be applied only to his own…”
Aetna Ins. Co. v. Solomon, 511 S.W.2d 205 (Ky. Ct. App. 1974). “It cites KRS 304.14-060, defining “insurable interest” which is “ .”
Bryant v. Transamerica Ins. Co., 572 S.W.2d 614 (Ky. Ct. App. 1978). · cites it 2× “KRS 304.14-060 provides: (1) No contract of insurance of property or of any interest in property or arising from property shall be enforceable as to the insurance except for the benefit of persons having an insurable interest in the things insured as at the time of the loss.”
Bryan S. Wood, as Adm'r of the Est. of Rhona Wood Zdrojowy v. Cent. Kentucky Fed. Sav. Bank (Ky. Ct. App. 2022). “KRS 304.14-060. “Insurable interest is that interest in the subject matter insured by virtue of which the person insured will derive pecuniary benefit or advantage from its preservation, or will suffer pecuniary loss or damage from its destruction or injury by the happening of…”
C E B Investments, LLC v. Nationwide Prop. & Cas. Ins. Co. (W.D. Ky. 2025). “§ 304.14-060(2). This is consistent with the parties’ contract, which stated that Nationwide was only on the hook for CEB’s “financial interest” in the property.”
Ky. Rev. Stat. § 304.14-060(2): 3 cases
Davis v. Am. States Ins. Co., 562 S.W.2d 653 (Ky. Ct. App. 1977). “KRS 304.14-060(2) defined insurable interest in property as: .”
Estes v. Thurman, 192 S.W.3d 429 (Ky. Ct. App. 2005). “” KRS 304.14-060(2). Thurman had an insurable interest in the property in connection with the debt owed to her by the Esteses under the contract.”
C E B Investments, LLC v. Nationwide Prop. & Cas. Ins. Co. (W.D. Ky. 2025). “§ 304.14-060(2). This is consistent with the parties’ contract, which stated that Nationwide was only on the hook for CEB’s “financial interest” in the property.”
Ky. Rev. Stat. § 304.14-060(3): 2 cases
Estes v. Thurman, 192 S.W.3d 429 (Ky. Ct. App. 2005). “” KRS 304.14-060(2). Thurman had an insurable interest in the property in connection with the debt owed to her by the Esteses under the contract.”
Castle Ins. v. Vanover, 993 S.W.2d 509 (Ky. Ct. App. 1999). “Castle argues that Northwestern no longer dictates this case and has been overruled by the enactment of KRS 304.14-060(3) which provides in part that: When the name of a person intended to be insured is specified in the policy, such insurance can be applied only to his own…”
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