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Question
West is seeking to collect on a property insurance policy covering certain described property which was destroyed. The insurer has denied recovery based upon West's alleged lack of an insurable interest in the property. In which of the situations described below will the insurance company prevail?
A. West is not the owner of the insured property but a long-term lessee.
B. The insured property belongs to someone else, but West holds the mortgage on it.
C. The insured property does not belong to West, but instead to a corporation which he controls.
D. The property has been willed to West's father for life, and upon his father's death, to West as the remainderman.
Answer
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