Parties of insurable interest

Question 1

Owner

Answer 1

May lose their investment for the property and any income it may generate

Question 2

Mortgage/Lien holder

Answer 2

Collects loan payments from the owner for the property.

Question 3

Lessees/Tenants

Answer 3

Have the right to occupy the property for a set length of time.

Question 4

Signers/Contractual Agreements

Answer 4

Contractual arrangement with the user (often the lessee) of the property.