U-Rents Company wants to insure the equipment that it rents to consumers. To obtain insurance, U-Rents must have an insurable interest in the property

Question

Quizplus · Accepted Answer

An insurable interest must exist at the time of the loss, not necessarily continuously. Therefore, U-Rents must have an insurable interest at the time a loss occurs in order to receive insurance coverage.

U-Rents Company Wants to Insure the Equipment That It Rents