An insurable interest in property is a financial interest that justifies insuring such property.

Name: An insurable interest in property is a financial interest that justifies insuring such property.
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Question

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An insurable interest in property means that the person or entity has a financial stake in the property that would cause them to suffer a financial loss if the property were damaged or destroyed, thus justifying the need for insurance.

An Insurable Interest in Property Is a Financial Interest That