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To insure any property, the insured must have

To insure any property, the insured must have

  • A.
    insurable interest
  • B.
    goodwill
  • C.
    premium
  • D.
    valuable consideration
Correct Answer: Option A
Explanation

Insurable interest is defined as the reasonable concern of a person to obtain insurance for any individual or property against unforeseen events such as death, losses, etc.