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Home / News Story / Option Holder Lacked Equity, Insurable Interest In Property (access required)

Option Holder Lacked Equity, Insurable Interest In Property (access required)

A man who held a lease with an option to buy a Lexington County commercial property lacked an insurable interest when the building was destroyed by an intentionally set fire, the Supreme Court ruled Aug. 30. The reason: the man failed to provide evidence that he had equity in the property at the time he contracted ...

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