in Finance by (80.6k points)

Question: Insurable interest must be present in an ________ insurance contract at the time of contract and at the time of loss.

Options:

  1.  Fire
  2.  Marine
  3.  Property
  4.  Life

Please log in or register to answer this question.

1 Answer

0 votes
by (255k points)
selected by
 
Best answer

1. Fire

Insurable interest must be present in an Fire insurance contract at the time of contract and at the time of loss.


Explanation:

Insurable interest is a type of investment that protects anything related to financial losses.

It arises when an insured person receives a financial benefit or other kinds, without any repairs or damage to the guaranteed item.

Related questions

...