The seller has an insurable interest in goods even though he no longer owns them if he continues to retain a security interest in them.

Question

Quizplus · Accepted Answer

Retaining a security interest in goods means that the seller still has a financial stake in them, and any loss or damage to the goods could impact the value of the security interest. Therefore, the seller has an insurable interest in the goods even though he no longer owns them.

The Seller Has an Insurable Interest in Goods Even Though