In order to collect compensation for a loss under a fire insurance policy,the insured must show an insurable interest.

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In order to collect compensation for a loss under a fire insurance policy, the insured must demonstrate that they have an insurable interest, which essentially means that they have a financial stake in the property. This is a fundamental requirement of insurance policies and is essential for protecting both the insurer and the insured. Without an insurable interest, an individual would have no tangible interest in protecting the property and might therefore be more likely to engage in risky or reckless behavior that could lead to fires or other serious damage.

In Order to Collect Compensation for a Loss Under a Fire