An insurable interest in property insurance typically exists when:
A. The insured owns the property.
B. The insured has a financial stake in the property.
C. The insured has a personal connection to the property.
D. The insured has obtained permission to insure the property.
Answer:B
An insurable interest in property insurance typically exists when:
A. The insured owns the property. B. The insured has a financial stake in the property. C. The insured has a personal connection to the property. D. The insured has obtained permission to insure the property.