insurable interest
An insurable interest is an interest by the insured person in the value of the subject of insurance, including any legal or financial relationship, that makes it appropriate for the insured to purchase or be protected by that insurance.
insurable interest
An insurable interest is an interest by the insured person in the value of the subject of insurance, including any legal or financial relationship, that makes it appropriate for the insured to purchase or be protected by that insurance.
Additional Information
Insurable interest usually results from property rights, contract rights, and potential legal liability.
