When Does a Person Have an Insurable Interest in Property

Multiple Choice

When does a person have an insurable interest in property?

A) When the person has sentimental value,regardless of the property's actual value.
B) When the person can prove he or she has full legal ownership of the property.
C) When the person has paid fair market value for the property.
D) When the person has paid off any loans attached to the property.
E) When the person derives a financial benefit from its continued use.