A seller has an insurable interest in goods as long as he or she retains title to the goods.

Question

Quizplus · Accepted Answer

An insurable interest refers to a financial stake in the subject matter of an insurance policy. As long as a seller retains title to the goods, he or she has a financial interest in the property and can insure it against loss or damage. Once the title passes to the buyer, the seller typically no longer has an insurable interest in the goods.

A Seller Has an Insurable Interest in Goods as Long