Alameda owned a painting.The painting was totally destroyed in a fire.The law will say that he lost his property rights in the painting even if he has first party insurance.

Question

Quizplus · Accepted Answer

The destruction of the painting in a fire means that Alameda no longer has any property rights in it, regardless of whether or not he had insurance. The insurance would only provide financial compensation for the loss, but it does not restore his ownership rights.

Alameda Owned a Painting