IRMI

Authors: Anthony B. Crawford

Type: Articles Published

Black-letter property insurance law requires that a policyholder have an insurable interest in the property being insured. Normally, a policyholder has an insurable interest in the subject property when he or she either stands to gain a financial benefit from its preservation or will suffer a financial loss from its destruction or impairment. This does not require the policyholder to actually have ownership or title.

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