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Question
B.G. Disco purchased a property insurance policy and named himself as the beneficiary. Disco had no ownership interest in the house at the time he purchased the policy. The house was in fact owned by his aunt, Polly Espy. He procured the insurance, however, because he hoped to inherit the house at some future date and thus wanted to protect that potential interest. A month after Disco purchased the policy; Aunt Polly's house was destroyed by fire, a covered peril. Is Disco entitled to collect under the insurance policy? Explain your reasoning.
Answer
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