To recover under a property insurance policy an insurable in

To recover under a property insurance policy, an insurable interest must
exist:
A. When the policy is purchased: Yes; At the time of loss: Yes
B. When the policy is purchased: Yes; At the time of loss: No
C. When the policy is purchased: No; At the time of loss: Yes
D. When the policy is purchased: No; At the time of loss: No

Solution

option a

Insurable interest refers to a real interest in the property which is being property, that means one should have a connection with the property for which the policy is purchased. the interest should be present both at the time of payment and also at the time of loss.