Jeremy leased a car from AstroCar Leases pursuant to a three-year lease with a buyout option at the end of the three-year period.While he is the primary driver,he permits his girlfriend to drive the car on occasion.Who has an insurable interest in the car?

Question

Quizplus · Accepted Answer

Both Jeremy and Astro have an insurable interest in the car. Jeremy has an insurable interest because he is the primary driver and responsible for the car during the lease period. Astro has an insurable interest as the owner of the car until the buyout option is exercised.

Jeremy Leased a Car from AstroCar Leases Pursuant to a Three-Year