Question: Scarola purchased an automobile for value and without knowledge that it was stolen. After he insured the car with Insurance Company of North America (INA)

Scarola purchased an automobile for value and without knowledge that it was stolen. After he insured the car with Insurance Company of North America (INA) the car was stolen once again. When INA refused to reimburse Scarola for the loss, contending that he did not have an insurable interest in the car, Scarola brought an action. Did Scarola have an insurable interest in the automobile? Why?

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