A buyer gets an insurable interest in goods once they are identified as the goods pertaining to the contract.

Name: A buyer gets an insurable interest in goods once they are identified as the goods pertaining to the contract.
Brand: Quizplus
Rating: 4.7 (57 reviews)

Question

Quizplus · Accepted Answer

This is a correct statement in regards to the doctrine of insurable interest. Once the goods are identified as those pertaining to the contract, the buyer obtains an insurable interest in them which allows them to insure the goods against damage or loss.

A Buyer Gets an Insurable Interest in Goods Once They