Explain insurable interest in case of fire insurance.

In the case of fire insurance, the following persons are presumed to have insurable interest in the subject matter of insurance :

1. Owner of goods or property.

2. Mortgagee.

3. Pledgee.

4. Insurer.

5. Pawn-broker.

6. Official receiver or assignee in the case of insolvency of a person.

7. Warehouseman as regards goods belonging to a customer.

8. A person in lawful possession of any goods or property.

9. Common carrier.

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