1. An individual is guilty of arson, a class B felony, if the individual starts or maintains a fire or causes an explosion with intent to destroy:
a. An entire or any part of a building or inhabited structure of another or a vital public facility;
b. Or damage the individual's own real or personal property for the purpose of collecting insurance for the loss;
c. Or damage the individual's own real property for the purpose of depriving another with a legal interest in the real property damaged or destroyed; or d. Or damage the individual's own personal property for the purpose of depriving another with a legal interest in the personal property damaged or destroyed, and the value of the personal property damaged or destroyed has a value in excess of two thousand dollars.
2. For purposes of this section, "a legal interest" includes a joint legal interest by joint ownership of the property, or an individual's own legal interest in property financed by another, such as a mortgage, contract, deed, or lien.