Which of the Following Statements Is True About an Insurable

Multiple Choice

Which of the following statements is true about an insurable interest?

A) It is not relevant when an insurable interest is created.
B) Both the buyer and seller can insure themselves for potential damage to goods
C) Only the seller can insure itself for potential damage to goods.
D) An insurable interest is the right to insure goods in one's possession.
E) Only the buyer can insure itself for potential damage to goods.