Title: Change of Interest in Thing Insured

Runing Time: 14 minutes and 50 seconds

Topic Discussed:

Relativity of Contracts which will only take effect between the contracting parties their heirs
successor have assigned.

Why there is a change of interest in thing insured? Because An interest insured must exist when
the insurance takes effect, and when the loss occurs, but need not exist in the meantime. SECTION 20. A
change of interest in a thing insured, after the occurrence of an injury which results in a loss, does not
affect the right of the insured to indemnify for the loss.

Why the law does not consider co-ownership especially if they are lawyers.