insurable loss
It is still easily insurable.
It produce fire damage
An insurable interest must exist at the time the policy is purchased and when a claim is made. This means the policyholder must have a financial stake in the property being insured to prevent fraud or speculation in insurance. Without insurable interest, the policyholder would not suffer any financial loss from damage to the property.
No since an insurance company would not want to be liable for damage caused by the leaking roof.
insurable intrest is a legal right to insurer? discurse.
What is difference between marketable title and insurable title?
Yes, they will pay. Insurable interest is a question at the time the policy is sold, not at the time the claim happens.
No, but if the failure causes a fire or water damage, then the water and fire damage will be covered.
My garage caught fire over the weekend. Where can I find out what I need to know about fire damage repair?
Probably not.
To protect your home and belongings from fire damage, you can install smoke detectors, have a fire extinguisher on hand, create a fire escape plan, and consider purchasing homeowners insurance that covers fire damage.