Who is the best position to obtain property loss insurance

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Reference no: EM133295115

Question:- Keiko is leasing office space from Propel Property Management in Grande Prairie, Alberta. She uses the space as a photography studio, and when she's not present in the studio all of the camera and lighting equipment she owns is stored there on the premises in locked cabinets. Who is the best position to obtain property loss insurance for the equipment stored in the studio space? Neither Propel Property Management nor Keiko, because insurance would not be advisable in these circumstances. Both Keiko and Propel Property Management are equally placed to obtain insurance, and they should specify whose responsibility it is as a erm of the lease agreement. Propel Property Management, because it owns the premises where the equipment is stored. Keiko, because she is the one with an insurable interest in the equipment.

Reference no: EM133295115

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