Me. Rev. Stat. » Title 24-A
Maine Revised Statutes

Me. Rev. Stat. tit. 24-A, § 705 (2026)

"Property insurance" defined

✓ current as of May 2026
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Property insurance is insurance on real or personal property of every kind and of every interest therein against loss or damage from any and all hazard or cause, and against loss consequential upon such loss or damage, other than noncontractual legal liability for any such loss or damage. Property insurance does not include title insurance, as defined in section 709.   [PL 1969, c. 132, §1 (NEW).]
SECTION HISTORY
PL 1969, c. 132, §1 (NEW).
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Notes of Decisions
Cited in 2 cases (1 in the last 5 years), 2005–2021 · leading case: Bar Harbor Bank & Trust v. Hanover Ins. Grp. Inc (D. Me. 2021).
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Bar Harbor Bank & Trust v. Hanover Ins. Grp. Inc (D. Me. 2021). · cites it 2× “” 24-A M.R.S. § 705. The Policy plainly fits the bill: the Isla & Grayson was personal property, it was located in Maine, and the Policy insured against its loss.”
Aho v. Arcadia Ins. Co. (Me. Super. Ct 2005). “” 24-A M.RS.A. § 705 (emphasis supplied), except that marine insurance makes reference to perils of navigation as a “hazard or cause.”
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