Section 27-5-5
"Property insurance" defined.
"Property insurance" is insurance on real or personal property of every kind and of every interest therein, whether on land, water, or in the air, against loss or damage from any and every hazard or cause and against loss consequential upon such loss or damage other than noncontractual legal liability for any such loss or damage.
(Acts 1971, No. 407, p. 707, §90.)