In fire insurance, insurable interest is enough at the time of........

Name: In fire insurance, insurable interest is enough at the time of........
Brand: Quizplus
Rating: 4.9 (46 reviews)

Question

Quizplus · Accepted Answer

In fire insurance, it is essential for the policyholder to have an insurable interest in the property both at the time of taking the policy (effecting the policy) and at the time of loss. This ensures that the policyholder has a legal right to insure the property and a financial stake in the property insured.

In Fire Insurance, Insurable Interest Is Enough at the Time