As long as the seller retains title to security interest in the goods, he has an insurable interest.

Question

Quizplus · Accepted Answer

This is true according to the principle of insurable interest in insurance. The seller has a financial interest in the goods until they are sold or paid for, so they have the right to insure them against damage or loss. Once the buyer takes ownership of the goods, they assume the insurable interest.

As Long as the Seller Retains Title to Security Interest