Wash. Rev. Code » Title 48 · Chapter 48.18
Revised Code of Washington

Wash. Rev. Code § 48.18.040 (2026)

✓ current as of May 2026
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(1) No contract of insurance on property or of any interest therein or arising therefrom shall be enforceable except for the benefit of persons having an insurable interest in the things insured.
(2) "Insurable interest" as used in this section means any lawful and substantial economic interest in the safety or preservation of the subject of the insurance free from loss, destruction, or pecuniary damage.
[1947 c 79 s .18.04; Rem. Supp. 1947 s 45.18.04.]
Notes of Decisions
Cited in 13 cases (1 in the last 5 years), 1964–2023 · leading case: Gossett v. Farmers Ins. Co. of Washington, 948 P.2d 1264 (Wash. 1997).
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Gossett v. Farmers Ins. Co. of Washington, 948 P.2d 1264 (Wash. 1997). “Pursuant to RCW 48.18.040(2), an "insurable interest" is "any lawful and substantial economic interest in the safety or preservation of the subject of the insurance free from loss, destruction, or pecuniary damage.”
Gossett v. Farmers Ins., 133 Wash. 2d 954 (Wash. 1997). “Pursuant to RCW 48.18.040(2), an "insurable interest” is "any lawful and substantial economic interest in the safety or preservation of the subject of the insurance free from loss, destruction, or pecuniary damage.”
Wolstein v. Yorkshire Ins., 985 P.2d 400 (Wash. Ct. App. 1999). “” RCW 48.18.040(2). This court has previously interpreted this statute to permit any legal or equitable interest to create an insurable interest.”
Wolstein v. Yorkshire Ins. Co. Ltd., 985 P.2d 400 (Wash. Ct. App. 1999). “" RCW 48.18.040(2). This court has previously interpreted this statute to permit any legal or equitable interest to create an insurable interest.”
B a Props., Inc. v. Aetna Cas. & Sur. Co., 273 F. Supp. 2d 673 (D.V.I. 2003). “Many jurisdictions require by statute that the insured have an insurable interest at the time of loss. 3 However, the statutes of Louisiana, La.”
Gossett v. Farmers Ins. Co. of Washington, 917 P.2d 1124 (Wash. Ct. App. 1996). · cites it 2× “Thus, they had an insurable interest pursuant to RCW 48.18.040 in that they had a substantial economic interest in the safety or preservation of the house, free from loss or pecuniary damage.”
Barth v. Allstate Ins. Co., 977 P.2d 6 (Wash. Ct. App. 1999). “(2) "Insurable interest" as used in this section means any lawful and substantial economic interest in the safety or preservation of the subject of the insurance free from loss, destruction, or pecuniary damage.”
Tyree v. Gen. Ins. Co. of Am., 394 P.2d 222 (Wash. 1964). “RCW 48.18.040, 050. This amount would be the same as that awarded to plaintiffs.”
Cope Constr. Co. v. Am. Home Assurance Co., 622 P.2d 395 (Wash. Ct. App. 1980). “This view is consistent with RCW 48.18.040(2): "Insurable interest" as used in this section means any lawful and substantial economic interest in the safety or preservation of the subject of the insurance free from loss, destruction, or pecuniary damage.”
Barth v. Allstate Ins., 977 P.2d 6 (Wash. Ct. App. 1999). “(2) “Insurable interest” as used in this section means any lawful and substantial economic interest in the safety or preservation of the subject of the insurance free from loss, destruction, or pecuniary damage.”
Naxos, LLC v. Am. Fam. Ins. Co. (W.D. Wash. 2020). · cites it 2× “RCW 48.18.040 20 defines an “insurable interest” as “any lawful and substantial economic interest in the 21 safety or preservation of the subject of the insurance free from loss, destruction, or 22 pecuniary damage.”
The Dentists Ins. Co. v. Yousefian (W.D. Wash. 2023). · cites it 2× “at 15 79 (citing RCW § 48.18.040 and Gossett v. Farmers Ins.”
Show all 13 citing cases →
— Wash. Rev. Code § 48.18.040(1) — 1 case
State v. Mau (Wash. 2013).
— Wash. Rev. Code § 48.18.040(2) — 7 cases
Gossett v. Farmers Ins. Co. of Washington, 948 P.2d 1264 (Wash. 1997). “Pursuant to RCW 48.18.040(2), an "insurable interest" is "any lawful and substantial economic interest in the safety or preservation of the subject of the insurance free from loss, destruction, or pecuniary damage.”
Gossett v. Farmers Ins., 133 Wash. 2d 954 (Wash. 1997). “Pursuant to RCW 48.18.040(2), an "insurable interest” is "any lawful and substantial economic interest in the safety or preservation of the subject of the insurance free from loss, destruction, or pecuniary damage.”
Wolstein v. Yorkshire Ins., 985 P.2d 400 (Wash. Ct. App. 1999). “” RCW 48.18.040(2). This court has previously interpreted this statute to permit any legal or equitable interest to create an insurable interest.”
Wolstein v. Yorkshire Ins. Co. Ltd., 985 P.2d 400 (Wash. Ct. App. 1999). “" RCW 48.18.040(2). This court has previously interpreted this statute to permit any legal or equitable interest to create an insurable interest.”
Gossett v. Farmers Ins. Co. of Washington, 917 P.2d 1124 (Wash. Ct. App. 1996). “Thus, they had an insurable interest pursuant to RCW 48.18.040 in that they had a substantial economic interest in the safety or preservation of the house, free from loss or pecuniary damage.”
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