Practice question
A valid property policy took effect while Lina owned the insured asset. She temporarily lost the interest, lawfully reacquired it before the insured loss, and had the requisite interest at loss. Assume no separate policy, change-of-interest, or coverage bar. Does section 19 alone defeat interest merely because of the intervening gap?
- Yes, continuous ownership is invariably required
- Yes, reacquisition is never relevant
- No, section 19 says the interest need not exist in the meantime
- Yes, only the application date matters
- No interest is required at either endpoint
Legal references
- https://lawphil.net/statutes/repacts/ra2013/ra_10607_2013.html — Insurance Code as amended by RA 10607, sections 10 and 13–19
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