All moneys arising from insurance on a homestead which is destroyed by fire, or by other disaster, shall be exempt in an amount not to exceed five thousand dollars ($5,000). This insurance exemption shall not operate so as to exclude the interest of any mortgagee at the time of the insurance loss so long as the mortgagee's interest is evidenced by a written contract.
Code 1932, § 7734; Acts 1979, ch. 61, § 4; T.C.A., § 26-305.
Structure 2021 Tennessee Code
Chapter 2 - Exemptions—garnishment
§ 26-2-302. Life Estates and Equitable Estates
§ 26-2-304. Insurance Proceeds From Homestead
§ 26-2-305. Family Cemeteries and Burial Lots
§ 26-2-306. Exemption Inapplicable in Certain Cases
§ 26-2-307. Right of Selection
§ 26-2-308. Procedure to Set Apart
§ 26-2-309. Sale and Reinvestment of Exempt Proceeds
§ 26-2-310. Registration of Freeholder's Certificate