A Party Must Own Property to Have an Insurable Interest

question 75

True/False

A party must own property to have an insurable interest in it.

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Definitions:

Sediment

Particles of rock, minerals, or biological materials that have been transported and deposited by wind, water, or ice, often forming layers in bodies of water.

Glacier

A large mass of ice, formed from compacted layers of snow, that moves slowly over land.

Erosion

The process by which the surface of the Earth is worn away by the action of water, wind, or ice.

Terminal Moraine

Glacially carried sediment that accumulates at the terminus (end) of a glacier and a landform composed of such material; generally marks the glacier’s farthest downhill extent.