You can refuse to pay compensation because: in the property insurance contract, the claimant should have insurable interest at the time of the accident, and in this case, the transportation company will pay off the loan in full after six months, which means that the bank has no insurable interest in this insurance subject matter, so the insurance company can refuse to pay compensation. The case involves the transfer of insurance interests. Article 12 of China's insurance law stipulates: "The applicant must have an insurable interest in the subject matter insured, and an insurance contract in which the applicant does not have an insurable interest in the subject matter insured is invalid." Insurable interest is the basic element of insurance contract.