An individual has an insurable interest in property whenever that person derives a(n) ________

Name: An individual has an insurable interest in property whenever that person derives a(n) ________
Brand: Quizplus
Rating: 4.9 (42 reviews)

Question

Quizplus · Accepted Answer

An individual has an insurable interest in property when they stand to gain a financial benefit from its continued use, preservation, or existence. This means they would suffer a financial loss if the property were damaged or destroyed, thus giving them a legitimate interest in insuring the property.

An Individual Has an Insurable Interest in Property Whenever That