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The Permissive- Use Paradox

Richard Mintzer writes about a case involving a car and bank repossession, and how some questions can still be difficult to answer.

By Richard Mintzer,CLU | Updated on July 05, 2010

After 40 years as an insurance professional, I thought I had heard every possible coverage question–but I was wrong. An attorney recently asked me to determine ownership interest and insurable interest on a rather convoluted case involving a car and bank repossession. It’s been a long time since I have had to use the tried-and-true answer, “I don’t know but I know how to find out,” but that’s what I did.

Here are the specifics of the case.

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