Both the buyer and seller may have an insurable interest in the same goods at the same time.

Question

Quizplus · Accepted Answer

It is possible for both the buyer and seller to have an insurable interest in the same goods, especially if the goods are in transit or if ownership has not yet transferred. For example, if a buyer has paid for goods but they have not yet been delivered, the buyer would have an insurable interest in the goods during transit, while the seller would also have an insurable interest until ownership of the goods has been transferred to the buyer.

Both the Buyer and Seller May Have an Insurable Interest