A Person Has an Insurable Interest in Property If He

question 78

True/False

A person has an insurable interest in property if he or she would sustain a financial loss from damage to the property.

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Definitions:

Sedimentary Deposits

Layers of material, such as sand, silt, and clay, laid down by water or wind and often containing fossils.

Platinum

The native metallic element (Pt) and metal alloys that contain it.

Sedimentary Resource

Natural resources, such as coal or oil, originating from the accumulation and lithification of sediment.

Gravel

Coarse granular material, consisting of rounded or angular fragments, often used in construction and landscaping.