Exam 49: Insurance

Isabel obtains a fire insurance policy on her home from Justice Insurance Company. The home is lost in a fire, but the parties dispute the amount of Justice's liability under an ambiguous clause in the policy. A court would most likely

When insurance provides coverage against third party claims, an in?surer has a duty to defend any suit based on such a claim against the insured.

A business firm may have an insurable interest in the life of a key employee.

For Diana to obtain an insurance policy on Eden Farm, including its crops, equipment, and livestock, she must have an insurable interest in the property that exists