GSIS is mandated by Republic Act No. 656 or the Property Insurance Law to ensure all government properties, assets, and interests against any insurable risk.

Source: https://newsinfo.inquirer.net/1725920/gsis-non-life-insurance-premium-collections-hit-p6-8b-in-2022

The key point is if a person does not own something, they cannot insure it unless they otherwise have an insurable interest.

Source: https://www.insurancejournal.com/magazines/mag-features/2023/05/22/721431.htm

We are trying to restock, but plants are not insurable and take time to grow, so we are having a tough go.

Source: https://www.barrierestarjournal.com/news/fire-destroys-popular-rooted-by-the-river-nursery-greenhouse-in-clearwater/

We have to get insurance companies if we want a mortgage to cover the building's insurance but they charge us and know the risk and when they have an event that's insurable, they don't want to do the underpinning so they try find alternatives.

Source: https://www.dailymail.co.uk/news/article-11864059/Balaclava-clad-security-guards-seize-historic-London-tree-triggering-war-locals.html?ns_mchannel=rss&ns_campaign=1490&ito=1490