OH Public Adjuster Practice Questions - Ohio Public Adjuster Exam

In a standard fire insurance policy, what is the 'insurable interest' requirement?

The insured must have a financial interest in the property at the time of loss The insured must have owned the property for at least one year The insured must be the original purchaser of the property The insured must live at the property full-time

Correct Answer:

The insured must have a financial interest in the property at the time of loss

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