Buyers and lessees have an insurable interest in identified goods even if the risk of loss has not yet passed .

Name: Buyers and lessees have an insurable interest in identified goods even if the risk of loss has not yet passed .
Brand: Quizplus
Rating: 4.7 (41 reviews)

Question

Quizplus · Accepted Answer

Buyers and lessees have an insurable interest in identified goods because they have a legal or equitable interest in the goods, which allows them to insure against potential loss or damage even before the risk of loss has officially transferred to them.

Buyers and Lessees Have an Insurable Interest in Identified Goods