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Sheila owns a house and obtains a fire insurance policy on the house. Five years later she sells the house. Can Sheila obtain payment for
Sheila owns a house and obtains a fire insurance policy on the house. Five years later she sells the house. Can Sheila obtain payment for the loss of the house under the policy?
a.No, because the new owners have the right to the money.
b.Yes, because she has an insurable interest in the house.
c.No, because she did not have an insurable interest at the time of the loss.
d.Yes, because she paid for the insurance.
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