Which of the following is an example of an insurable interest?

Question

Quizplus · Accepted Answer

All of the options listed demonstrate an insurable interest.

A) Mortgagees have an interest in insuring the property that secures their loan, while mortgagors have an interest in protecting their investment in the property. Both parties benefit from the property being insured.

B) Landlords have an insurable interest in the property they own, while tenants have an insurable interest in their personal property and liability.

C) A creditor has an insurable interest in the debtor's ability to repay the debt, ensuring that they will be able to recover their losses in the event of default.

Which of the Following Is an Example of an Insurable