Buyers obtain an insurable interest even though they might later reject or return the goods to the seller.

Question

Quizplus · Accepted Answer

Buyers obtain an insurable interest in the goods immediately upon entering into the contract, even if they later return or reject the goods. This is because they have a temporary right of possession and control over the goods, which can be insured against loss or damage during that period.

Buyers Obtain an Insurable Interest Even Though They Might Later