Question

Easements ________ insurable interests in land?
1) are
2) are not

Answer 1

An easement is a legal right that allows a person to use another person's property for a specific purpose. Easements grant non-possessory interests in land.

Step-by-step explanation:

Easements are insurable interests in land. An easement is a legal right that allows a person to use another person's property for a specific purpose. It grants the holder a non-possessory interest in the land, meaning they have the right to use a portion of the property without having ownership of it.

For example, suppose a homeowner grants their neighbor an easement to use a pathway on their property to access a nearby lake. The neighbor has the right to use the pathway, but they do not own the property.

Easements can have various purposes, including granting access to a landlocked property, providing utility companies access to install and maintain infrastructure, and restricting certain activities on a property to preserve open space or protect the environment.