A pecuniary interest in property of another is insufficient to create an insurable interest in that property.

Name: A pecuniary interest in property of another is insufficient to create an insurable interest in that property.
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An insurable interest in property does not necessarily require ownership; a pecuniary (financial) interest in the preservation of the property is sufficient to establish an insurable interest, as the potential loss would result in financial harm to the individual.

A Pecuniary Interest in Property of Another Is Insufficient to Create