Question
Blake owns an office building that is worth $2 million. Crystal, Blake's cousin, would like to purchase a $5 million fire insurance policy on the
Blake owns an office building that is worth $2 million. Crystal, Blake's cousin, would like to purchase a $5 million fire insurance policy on the building. Should the broker issue the insurance policy to Crystal?
A) No, only because the building is only worth $2 million.
B) No, only because Crystal does not have an insurable interest in the building.
C) Yes, as Blake's cousin Crystal has an insurable interest in the building.
D) No, because the building is only worth $2 million and Crystal does not have an insurable interest in the building.
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The Legal Environment of Business Text and Cases
Authors: Frank B. Cross, Roger LeRoy Miller
10th edition
1305967305, 978-1337516051, 1337516058, 978-1305967304
