For a property insurance claim to be valid, the insured must have an insurable interest in the property:

Giải thích

In property and casualty insurance, insurable interest must exist at the time of the loss, because the purpose is to indemnify an actual financial loss. This differs from life insurance, where insurable interest must exist only when the policy begins. A person who has sold the covered property before a loss no longer has an insurable interest and cannot collect.